ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 16.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 62,027 shares of the business services provider's stock after selling 12,300 shares during the period. Royce & Associates LP owned about 0.13% of ManpowerGroup worth $3,580,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. WFA Asset Management Corp purchased a new stake in ManpowerGroup during the 4th quarter worth approximately $35,000. SRS Capital Advisors Inc. increased its stake in 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 buying an additional 562 shares during the period. Blue Trust Inc. increased its stake in ManpowerGroup by 147.9% during 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 period. R Squared Ltd purchased a new stake in ManpowerGroup during the 4th quarter worth approximately $95,000. Finally, PNC Financial Services Group Inc. increased its stake in 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 buying an additional 587 shares during the period. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Stock Down 2.4 %

NYSE MAN traded down $1.39 on Friday, hitting $57.68. 1,525,783 shares of the stock were exchanged, compared to its average volume of 538,071. The company has a 50-day moving average price of $58.22 and a 200-day moving average price of $62.47. ManpowerGroup Inc. has a fifty-two week low of $53.31 and a fifty-two 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 $2.70 billion, a PE ratio of 19.29 and a beta of 1.43.

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Analysts Set New Price Targets

MAN has been the topic of several recent research reports. Truist Financial reaffirmed 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. UBS Group lowered their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Barclays lowered their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, January 31st. One equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.