Trexquant Investment LP Has $3.13 Million Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Trexquant Investment LP increased its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 53.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,236 shares of the business services provider's stock after acquiring an additional 18,791 shares during the quarter. Trexquant Investment LP owned 0.12% of ManpowerGroup worth $3,131,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAN. WFA Asset Management Corp acquired a new stake in ManpowerGroup during the 4th quarter valued at $35,000. SRS Capital Advisors Inc. raised its position in ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after buying an additional 562 shares during the period. Blue Trust Inc. raised its position in ManpowerGroup by 147.9% during the fourth 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 period. R Squared Ltd purchased a new stake in ManpowerGroup in the 4th quarter worth about $95,000. Finally, PNC Financial Services Group Inc. boosted its position 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 acquiring an additional 587 shares during the period. Institutional investors and hedge funds own 98.03% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $55.00 to $50.00 in a report on Thursday. Truist Financial reiterated a "hold" rating and issued a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their target price 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. Finally, UBS Group cut their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $67.50.

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ManpowerGroup Stock Up 0.5 %

Shares of ManpowerGroup stock traded up $0.27 during midday trading on Friday, reaching $51.02. 698,058 shares of the company's stock traded hands, compared to its average volume of 581,886. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 17.06 and a beta of 1.28. ManpowerGroup Inc. has a 52 week low of $47.29 and a 52 week high of $78.87. The company's 50 day simple moving average is $56.55 and its 200 day simple moving average is $60.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.

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.