Vestcor Inc Sells 8,625 Shares of ManpowerGroup Inc. (NYSE:MAN)

Vestcor Inc lessened its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 64.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,814 shares of the business services provider's stock after selling 8,625 shares during the period. Vestcor Inc's holdings in ManpowerGroup were worth $278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAN. AlphaQuest LLC increased its stake in shares of ManpowerGroup by 4,364.3% in the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider's stock worth $1,616,000 after purchasing an additional 27,364 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in ManpowerGroup by 34.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock worth $133,000 after purchasing an additional 587 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of ManpowerGroup during the fourth quarter worth $875,000. Aigen Investment Management LP purchased a new stake in ManpowerGroup in the 4th quarter worth $584,000. Finally, Clark Estates Inc. NY boosted its holdings in shares of ManpowerGroup by 11.6% during the 4th quarter. Clark Estates Inc. NY now owns 40,500 shares of the business services provider's stock valued at $2,338,000 after purchasing an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.

ManpowerGroup Trading Down 2.4 %

NYSE MAN traded down $1.39 on Friday, hitting $57.68. 1,525,783 shares of the stock were exchanged, compared to its average volume of 535,725. ManpowerGroup Inc. has a 52-week low of $53.31 and a 52-week high of $78.87. The firm has a market capitalization of $2.70 billion, a P/E ratio of 19.29 and a beta of 1.43. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The stock has a fifty day moving average price of $58.16 and a two-hundred day moving average price of $62.64.

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Analyst Ratings Changes

MAN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased 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. Truist Financial reaffirmed a "hold" rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Barclays cut their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a report on Friday, January 3rd. Finally, UBS Group decreased their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. One 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $69.33.

About ManpowerGroup

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.