Advisors Asset Management Inc. Has $5.44 Million Stake in ManpowerGroup Inc. (NYSE:MAN)

Advisors Asset Management Inc. lifted its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 71.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,311 shares of the business services provider's stock after acquiring an additional 39,241 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.20% of ManpowerGroup worth $5,444,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. WFA Asset Management Corp acquired a new position in ManpowerGroup in the fourth quarter worth $35,000. SRS Capital Advisors Inc. raised its stake in shares of ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after acquiring an additional 562 shares during the last quarter. Blue Trust Inc. lifted its position in shares of ManpowerGroup by 147.9% during the fourth 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 bought a new stake in shares of ManpowerGroup during the fourth quarter valued at approximately $95,000. Finally, PNC Financial Services Group Inc. raised its position in ManpowerGroup by 34.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock worth $133,000 after purchasing an additional 587 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Trading Up 1.6 %

Shares of MAN stock traded up $0.90 on Monday, reaching $58.58. The company had a trading volume of 550,622 shares, compared to its average volume of 538,121. The stock has a market cap of $2.74 billion, a PE ratio of 19.59 and a beta of 1.43. The company has a 50-day moving average of $58.22 and a 200-day moving average of $62.39. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87.

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Analyst Ratings Changes

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

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.