ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,821,161 shares of the business services provider's stock after selling 30,329 shares during the period. Vanguard Group Inc. owned 14.53% of ManpowerGroup worth $393,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in MAN. Fox Run Management L.L.C. acquired a new stake in shares of ManpowerGroup during the 4th quarter worth about $750,000. KLP Kapitalforvaltning AS purchased a new position in ManpowerGroup in the fourth quarter valued at approximately $975,000. AXQ Capital LP acquired a new stake in ManpowerGroup during the fourth quarter worth approximately $812,000. American Century Companies Inc. lifted its position in shares of ManpowerGroup by 104.4% during the 4th quarter. American Century Companies Inc. now owns 38,055 shares of the business services provider's stock worth $2,197,000 after buying an additional 19,434 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of ManpowerGroup by 772.6% in the 4th quarter. Quantbot Technologies LP now owns 93,995 shares of the business services provider's stock valued at $5,425,000 after buying an additional 83,223 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on MAN shares. Truist Financial reiterated a "hold" rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their target price on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Barclays decreased their target price on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a research report on Friday, January 3rd. Finally, UBS Group cut their price target 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 analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $69.33.

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ManpowerGroup Stock Performance

Shares of MAN traded down $2.85 during mid-day trading on Monday, hitting $49.34. 1,042,120 shares of the company's stock were exchanged, compared to its average volume of 573,610. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a fifty-two week low of $48.15 and a fifty-two week high of $78.87. The business's 50 day moving average is $57.64 and its two-hundred day moving average is $61.26. The firm has a market capitalization of $2.31 billion, a P/E ratio of 16.50 and a beta of 1.28.

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.