Strengthening Families & Communities LLC lessened its stake in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) by 6.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,265 shares of the business services provider’s stock after selling 369 shares during the period. Strengthening Families & Communities LLC’s holdings in ManpowerGroup were worth $219,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ManpowerGroup during the 1st quarter worth approximately $30,000. Fifth Third Bancorp raised its position in ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock worth $43,000 after acquiring an additional 243 shares in the last quarter. GAMMA Investing LLC raised its position in ManpowerGroup by 190.6% during the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock worth $43,000 after acquiring an additional 488 shares in the last quarter. UMB Bank n.a. raised its position in ManpowerGroup by 131.7% during the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider’s stock worth $52,000 after acquiring an additional 511 shares in the last quarter. Finally, Caption Management LLC bought a new stake in ManpowerGroup during the first quarter worth $123,000. Institutional investors own 98.03% of the company’s stock.
ManpowerGroup Price Performance
Shares of MAN opened at $38.09 on Friday. The firm has a market capitalization of $1.76 billion, a PE ratio of -100.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. ManpowerGroup Inc. has a fifty-two week low of $36.96 and a fifty-two week high of $75.17. The company’s 50-day moving average is $39.76 and its 200-day moving average is $42.77.
Wall Street Analyst Weigh In
MAN has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of ManpowerGroup from $46.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday. Wall Street Zen upgraded ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of ManpowerGroup in a research note on Wednesday. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ManpowerGroup has a consensus rating of “Reduce” and an average price target of $47.20.
Check Out Our Latest Analysis on MAN
ManpowerGroup 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.
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