State of New Jersey Common Pension Fund D Grows Position in ManpowerGroup Inc. (NYSE:MAN)

State of New Jersey Common Pension Fund D lifted its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,760 shares of the business services provider's stock after acquiring an additional 7,813 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of ManpowerGroup worth $2,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider's stock valued at $37,000 after purchasing an additional 375 shares in the last quarter. WFA Asset Management Corp bought a new position in shares of ManpowerGroup in the 4th quarter valued at about $35,000. Capital Performance Advisors LLP bought a new position in ManpowerGroup during the third quarter worth about $54,000. R Squared Ltd bought a new position in ManpowerGroup during the fourth quarter worth about $95,000. Finally, Venturi Wealth Management LLC boosted its stake in ManpowerGroup by 400.3% in the third quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider's stock valued at $122,000 after buying an additional 1,333 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Trading Down 2.1 %

NYSE:MAN traded down $1.18 during mid-day trading on Thursday, reaching $55.85. The company's stock had a trading volume of 978,420 shares, compared to its average volume of 723,824. ManpowerGroup Inc. has a twelve month low of $53.31 and a twelve month high of $78.87. The company's fifty day simple moving average is $57.35 and its two-hundred day simple moving average is $63.96. The stock has a market cap of $2.61 billion, a P/E ratio of 18.68 and a beta of 1.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

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Analyst Upgrades and Downgrades

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