Thrivent Financial for Lutherans Lowers Position in ManpowerGroup Inc. (NYSE:MAN)

Thrivent Financial for Lutherans lowered its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,070 shares of the business services provider's stock after selling 11,785 shares during the period. Thrivent Financial for Lutherans owned approximately 0.09% of ManpowerGroup worth $2,312,000 as of its most recent SEC filing.

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

ManpowerGroup Trading Up 0.1 %

Shares of MAN stock traded up $0.03 during mid-day trading on Wednesday, hitting $58.68. 603,199 shares of the company's stock were exchanged, compared to its average volume of 565,015. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 19.63 and a beta of 1.43. 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 fifty-two week low of $53.31 and a fifty-two week high of $78.87. The stock has a 50-day simple moving average of $58.15 and a two-hundred day simple moving average of $61.79.

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Analysts Set New Price Targets

MAN has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. UBS Group reduced their price objective on 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 reiterated a "hold" rating and set a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Finally, Barclays reduced their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a report 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 issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $69.33.

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.