Hsbc Holdings PLC Acquires 117,965 Shares of ManpowerGroup Inc. (NYSE:MAN)

Hsbc Holdings PLC raised its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 222.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 171,046 shares of the business services provider's stock after acquiring an additional 117,965 shares during the period. Hsbc Holdings PLC owned approximately 0.36% of ManpowerGroup worth $9,800,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Barclays PLC increased its holdings in ManpowerGroup by 62.9% in the third quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock valued at $11,387,000 after purchasing an additional 59,821 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of ManpowerGroup in the 3rd quarter valued at about $664,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of ManpowerGroup in the 3rd quarter valued at approximately $207,000. Synovus Financial Corp boosted its stake in ManpowerGroup by 7.8% during the 3rd quarter. Synovus Financial Corp now owns 7,922 shares of the business services provider's stock worth $582,000 after acquiring an additional 570 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in ManpowerGroup by 2.9% during the third quarter. Franklin Resources Inc. now owns 186,295 shares of the business services provider's stock valued at $13,464,000 after purchasing an additional 5,207 shares during the period. Institutional investors and hedge funds own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Truist Financial reduced their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. BMO Capital Markets lowered their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Finally, UBS Group lowered their target price on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Stock Up 1.5 %

NYSE:MAN opened at $42.49 on Monday. The company has a market cap of $1.99 billion, a PE ratio of 14.21 and a beta of 1.28. ManpowerGroup Inc. has a 52-week low of $39.22 and a 52-week high of $78.87. The stock has a 50-day simple moving average of $54.17 and a 200 day simple moving average of $58.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.

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

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.

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