Invesco Ltd. Increases Stake in ManpowerGroup Inc. (NYSE:MAN)

Invesco Ltd. lifted its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,916,543 shares of the business services provider's stock after buying an additional 77,234 shares during the period. Invesco Ltd. owned approximately 4.08% of ManpowerGroup worth $110,623,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. WFA Asset Management Corp acquired a new stake in ManpowerGroup in the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. boosted its position in shares of ManpowerGroup by 171.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after purchasing an additional 562 shares in the last quarter. Blue Trust Inc. boosted its position in shares of ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after purchasing an additional 778 shares in the last quarter. R Squared Ltd purchased a new position in ManpowerGroup during the 4th quarter worth $95,000. Finally, PNC Financial Services Group Inc. increased its position in ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock valued at $133,000 after buying an additional 587 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, January 31st. UBS Group lowered their target price on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Truist Financial cut their price target on shares of ManpowerGroup from $70.00 to $55.00 and set a "hold" rating on the stock in a research note on Tuesday. Finally, Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their price objective for the stock 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. According to MarketBeat, ManpowerGroup currently has a consensus rating of "Hold" and an average target price of $65.00.

ManpowerGroup Stock Performance

NYSE MAN traded down $9.39 during trading hours on Friday, reaching $40.12. The stock had a trading volume of 2,955,433 shares, compared to its average volume of 596,826. ManpowerGroup Inc. has a 52-week low of $39.87 and a 52-week high of $78.87. The stock has a fifty day moving average of $55.82 and a 200 day moving average of $59.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The stock has a market cap of $1.88 billion, a P/E ratio of 13.42 and a beta of 1.28.

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

About ManpowerGroup

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.