Prudential Financial Inc. Purchases 192,345 Shares of ManpowerGroup Inc. (NYSE:MAN)

Prudential Financial Inc. lifted its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 111.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 364,515 shares of the business services provider's stock after purchasing an additional 192,345 shares during the quarter. Prudential Financial Inc. owned 0.78% of ManpowerGroup worth $21,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MAN. Commerce Bank grew its holdings in shares of ManpowerGroup by 4.1% during the third quarter. Commerce Bank now owns 4,272 shares of the business services provider's stock valued at $314,000 after buying an additional 167 shares in the last quarter. Cerity Partners LLC grew its stake in shares of ManpowerGroup by 5.5% in the 3rd quarter. Cerity Partners LLC now owns 12,918 shares of the business services provider's stock valued at $950,000 after buying an additional 679 shares in the last quarter. Bank of Montreal Can increased its holdings in ManpowerGroup by 161.2% in the third quarter. Bank of Montreal Can now owns 36,328 shares of the business services provider's stock worth $2,662,000 after buying an additional 22,421 shares during the last quarter. BNP Paribas Financial Markets raised its position in ManpowerGroup by 168.4% during the third quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider's stock valued at $2,199,000 after acquiring an additional 18,764 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in ManpowerGroup in the third quarter valued at approximately $225,000. Hedge funds and other institutional investors own 98.03% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Truist Financial restated a "hold" rating and set a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Barclays cut their target price on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price target on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, UBS Group lowered their price objective on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, ManpowerGroup has an average rating of "Hold" and an average price target of $69.33.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock traded down $0.78 during trading on Monday, hitting $57.88. 510,367 shares of the company's stock traded hands, compared to its average volume of 563,315. ManpowerGroup Inc. has a twelve month low of $53.31 and a twelve month high of $78.87. 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 company has a market cap of $2.71 billion, a PE ratio of 19.36 and a beta of 1.43. The firm's fifty day moving average price is $58.22 and its 200 day moving average price is $61.90.

ManpowerGroup 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.