Mitsubishi UFJ Trust & Banking Corp Purchases 5,681 Shares of ManpowerGroup Inc. (NYSE:MAN)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,700 shares of the business services provider's stock after buying an additional 5,681 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of ManpowerGroup worth $5,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MAN. WFA Asset Management Corp bought a new position in shares of ManpowerGroup in the fourth quarter worth approximately $35,000. SRS Capital Advisors Inc. grew its stake in ManpowerGroup by 171.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after buying an additional 562 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after buying an additional 778 shares during the last quarter. R Squared Ltd purchased a new stake in shares of ManpowerGroup during the 4th quarter valued at $95,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock worth $133,000 after acquiring an additional 587 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts recently commented on MAN shares. Barclays reduced their target price on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research note on Friday, January 3rd. Truist Financial reiterated a "hold" rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. UBS Group dropped their target price on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. One investment 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, the company currently has an average rating of "Hold" and an average target price of $69.33.

ManpowerGroup Trading Down 6.2 %

Shares of NYSE MAN traded down $3.65 during midday trading on Thursday, reaching $55.12. The company had a trading volume of 532,055 shares, compared to its average volume of 564,981. The stock has a market cap of $2.58 billion, a PE ratio of 18.43 and a beta of 1.43. ManpowerGroup Inc. has a one year low of $53.31 and a one year high of $78.87. The firm's fifty day moving average price is $58.15 and its 200-day moving average price is $61.79. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

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.