Wilmington Savings Fund Society FSB Raises Stake in ManpowerGroup Inc. (NYSE:MAN)

Wilmington Savings Fund Society FSB increased its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 209.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,718 shares of the business services provider's stock after acquiring an additional 5,899 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in ManpowerGroup were worth $503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAN. Commerce Bank raised its stake in shares of ManpowerGroup by 4.1% in the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider's stock valued at $314,000 after acquiring an additional 167 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of ManpowerGroup by 0.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock valued at $2,745,000 after purchasing an additional 234 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of ManpowerGroup by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider's stock valued at $405,000 after purchasing an additional 235 shares in the last quarter. Impact Partnership Wealth LLC grew its holdings in shares of ManpowerGroup by 9.8% in the third quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider's stock valued at $271,000 after purchasing an additional 329 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of ManpowerGroup by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock valued at $240,000 after purchasing an additional 344 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research analysts have commented on the stock. Truist Financial reiterated 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. JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, January 31st. UBS Group lowered their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. BMO Capital Markets lowered their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating for the company in a report on Friday, October 18th. Finally, Barclays lowered their price target 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $69.33.

ManpowerGroup Stock Performance

MAN stock traded down $0.04 on Friday, hitting $55.15. The company's stock had a trading volume of 547,267 shares, compared to its average volume of 765,301. The firm has a 50 day moving average of $58.22 and a two-hundred day moving average of $64.92. ManpowerGroup Inc. has a 1 year low of $53.70 and a 1 year high of $78.87. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 18.45 and a beta of 1.45. 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 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.