Raymond James Financial Inc. Acquires Shares of 15,166 ManpowerGroup Inc. (NYSE:MAN)

Raymond James Financial Inc. purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,166 shares of the business services provider's stock, valued at approximately $875,000.

Several other large investors have also added to or reduced their stakes in the business. WFA Asset Management Corp bought a new position in shares of ManpowerGroup in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. increased its position in shares of ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after purchasing an additional 562 shares during the last quarter. Blue Trust Inc. boosted 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 valued at $75,000 after buying an additional 778 shares during the last quarter. R Squared Ltd bought a new position in shares of ManpowerGroup in the fourth quarter valued at $95,000. Finally, Nisa Investment Advisors LLC increased its holdings in ManpowerGroup by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the business services provider's stock worth $192,000 after buying an additional 990 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

Analysts Set New Price Targets

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

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ManpowerGroup Stock Performance

MAN stock traded up $4.20 during mid-day trading on Wednesday, hitting $52.92. 970,749 shares of the company were exchanged, compared to its average volume of 578,020. ManpowerGroup Inc. has a 1-year low of $46.35 and a 1-year high of $78.87. The stock has a market capitalization of $2.47 billion, a PE ratio of 17.70 and a beta of 1.28. The business has a 50 day simple moving average of $56.86 and a 200-day simple moving average of $60.79. 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 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.