Charles Schwab Investment Management Inc. Raises Position in ManpowerGroup Inc. (NYSE:MAN)

Charles Schwab Investment Management Inc. lifted its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 4.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 504,917 shares of the business services provider's stock after acquiring an additional 23,741 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.08% of ManpowerGroup worth $29,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WFA Asset Management Corp bought a new stake in ManpowerGroup during the 4th quarter valued at $35,000. SRS Capital Advisors Inc. raised its stake in shares of ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after purchasing an additional 562 shares during the period. Blue Trust Inc. lifted its holdings in ManpowerGroup by 147.9% during 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 stake in ManpowerGroup during the 4th quarter worth about $95,000. Finally, GSA Capital Partners LLP bought a new position in ManpowerGroup in the 3rd quarter worth about $205,000. Institutional investors own 98.03% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MAN. JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Barclays lowered their target price 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. UBS Group decreased their price target 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. Finally, Truist Financial reissued a "hold" rating and set a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $69.33.

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ManpowerGroup Price Performance

MAN stock traded down $1.39 during mid-day trading on Friday, hitting $57.68. 538,581 shares of the stock were exchanged, compared to its average volume of 535,719. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.29 and a beta of 1.43. The business has a fifty day moving average price of $58.16 and a 200 day moving average price of $62.64. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87.

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.