Geode Capital Management LLC Sells 8,929 Shares of ManpowerGroup Inc. (NYSE:MAN)

Geode Capital Management LLC lessened its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 785,775 shares of the business services provider's stock after selling 8,929 shares during the period. Geode Capital Management LLC owned 1.67% of ManpowerGroup worth $45,369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of ManpowerGroup by 11.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock worth $240,000 after acquiring an additional 344 shares in the last quarter. Barclays PLC grew its stake in ManpowerGroup by 62.9% during the third quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock worth $11,387,000 after purchasing an additional 59,821 shares during the period. Virtu Financial LLC bought a new stake in ManpowerGroup in the third quarter worth approximately $664,000. Sanctuary Advisors LLC lifted its stake in ManpowerGroup by 39.8% in the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider's stock valued at $570,000 after buying an additional 2,208 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of ManpowerGroup during the 3rd quarter worth approximately $207,000. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Stock Down 19.0 %

Shares of MAN stock traded down $9.39 during trading hours on Friday, reaching $40.12. The company had a trading volume of 2,955,433 shares, compared to its average volume of 594,049. The business has a fifty day simple moving average of $55.49 and a 200-day simple moving average of $59.57. ManpowerGroup Inc. has a 12 month low of $39.87 and a 12 month high of $78.87. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 13.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The firm had revenue of $698.30 million for the quarter, compared to analysts' expectations of $3.94 billion. ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, research analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on MAN. Truist Financial reduced their target price on ManpowerGroup from $70.00 to $55.00 and set a "hold" rating for the company in a research note on Tuesday. UBS Group decreased their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. cut their target price on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, ManpowerGroup presently has an average rating of "Hold" and an average target price of $65.00.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.