Legacy Capital Group California Inc. lifted its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 55.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,171 shares of the business services provider's stock after buying an additional 5,072 shares during the period. Legacy Capital Group California Inc.'s holdings in ManpowerGroup were worth $818,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAN. Blue Trust Inc. raised its stake in shares of ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider's stock valued at $37,000 after buying an additional 375 shares in the last quarter. Impact Partnership Wealth LLC raised its position in ManpowerGroup by 9.8% in the third quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider's stock worth $271,000 after purchasing an additional 329 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of ManpowerGroup in the 3rd quarter valued at approximately $267,000. NorthCrest Asset Manangement LLC raised its holdings in shares of ManpowerGroup by 15.0% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 6,082 shares of the business services provider's stock worth $447,000 after buying an additional 793 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of ManpowerGroup by 78.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,280 shares of the business services provider's stock worth $756,000 after buying an additional 4,531 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.
ManpowerGroup Price Performance
NYSE:MAN traded up $0.29 during mid-day trading on Tuesday, reaching $54.60. 385,327 shares of the company were exchanged, compared to its average volume of 702,020. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.55 billion, a PE ratio of 18.26 and a beta of 1.45. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87. The company has a fifty day moving average of $57.45 and a 200 day moving average of $64.12.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on MAN. JPMorgan Chase & Co. lowered their price target on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. UBS Group lowered their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Truist Financial reissued a "hold" rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Finally, Barclays decreased their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $69.33.
View Our Latest Stock Analysis on ManpowerGroup
ManpowerGroup Profile
(
Free Report)
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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