Barclays PLC Raises Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Barclays PLC raised its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 194.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 455,803 shares of the business services provider's stock after purchasing an additional 300,917 shares during the quarter. Barclays PLC owned approximately 0.97% of ManpowerGroup worth $26,308,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Merit Financial Group LLC purchased a new position in shares of ManpowerGroup during the fourth quarter valued at about $241,000. Sanctuary Advisors LLC raised its position in shares of ManpowerGroup by 39.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider's stock worth $570,000 after acquiring an additional 2,208 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of ManpowerGroup by 4,364.3% in the 4th quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider's stock valued at $1,616,000 after purchasing an additional 27,364 shares during the period. Bank of New York Mellon Corp boosted its position in shares of ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock valued at $43,189,000 after purchasing an additional 191,901 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in ManpowerGroup by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 162,534 shares of the business services provider's stock worth $11,950,000 after purchasing an additional 1,999 shares during the period. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Down 1.2 %

Shares of NYSE MAN traded down $0.51 during midday trading on Wednesday, hitting $42.35. The stock had a trading volume of 1,014,660 shares, compared to its average volume of 860,877. The business's 50 day moving average is $54.94 and its 200-day moving average is $59.16. ManpowerGroup Inc. has a 52 week low of $39.22 and a 52 week high of $78.87. 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 company has a market cap of $1.98 billion, a P/E ratio of 14.17 and a beta of 1.28.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results 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 for 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 quarter in the prior year, the business posted $0.94 earnings per share. As a group, analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MAN. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday. BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research note on Monday. UBS Group decreased 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 dropped their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday. Finally, Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, ManpowerGroup currently has an average rating of "Hold" and an average target price of $57.50.

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.