Schroder Investment Management Group Sells 556,896 Shares of ManpowerGroup Inc. (NYSE:MAN)

Schroder Investment Management Group lowered its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 951,840 shares of the business services provider's stock after selling 556,896 shares during the quarter. Schroder Investment Management Group owned about 2.03% of ManpowerGroup worth $54,940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WFA Asset Management Corp purchased a new stake in shares of ManpowerGroup in the fourth quarter worth about $35,000. SRS Capital Advisors Inc. increased 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 acquiring an additional 562 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 778 shares in the last quarter. R Squared Ltd bought a new position in shares of ManpowerGroup during the 4th quarter valued at approximately $95,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of ManpowerGroup by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock valued at $133,000 after purchasing an additional 587 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Trading Down 4.5 %

Shares of MAN stock traded down $2.44 during trading hours on Friday, reaching $52.18. 832,794 shares of the stock were exchanged, compared to its average volume of 571,736. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 17.45 and a beta of 1.43. ManpowerGroup Inc. has a 12-month low of $51.12 and a 12-month high of $78.87. The company's 50-day moving average price is $57.86 and its 200-day moving average price is $61.52. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MAN shares. JPMorgan Chase & Co. decreased their price target 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. Truist Financial restated a "hold" rating and set a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. UBS Group dropped their price target 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, Barclays reduced their price objective on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research note on Friday, January 3rd. One equities 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 company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $69.33.

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.