Natixis Advisors LLC Buys New Shares in ManpowerGroup Inc. (NYSE:MAN)

Natixis Advisors LLC acquired a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 112,435 shares of the business services provider's stock, valued at approximately $6,489,000. Natixis Advisors LLC owned approximately 0.24% of ManpowerGroup at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its holdings in shares of ManpowerGroup by 12,496.6% during the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider's stock valued at $66,281,000 after purchasing an additional 894,379 shares in the last quarter. Geode Capital Management LLC raised its position in ManpowerGroup by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider's stock worth $58,444,000 after buying an additional 4,113 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in ManpowerGroup by 34.5% during the 4th 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 acquiring an additional 191,901 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of ManpowerGroup during the 4th quarter valued at about $34,200,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of ManpowerGroup by 6.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider's stock worth $40,414,000 after acquiring an additional 32,083 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

MAN has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Truist Financial restated a "hold" rating and issued a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Barclays cut their price target on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $69.33.

ManpowerGroup Stock Performance

MAN traded up $0.74 during midday trading on Wednesday, reaching $58.56. The company had a trading volume of 472,998 shares, compared to its average volume of 539,202. The business has a 50-day moving average of $58.28 and a two-hundred day moving average of $62.22. 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 Inc. has a 1 year low of $53.31 and a 1 year high of $78.87. The company has a market cap of $2.74 billion, a P/E ratio of 19.58 and a beta of 1.43.

ManpowerGroup Company 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.