First Trust Advisors LP Acquires 83,858 Shares of ManpowerGroup Inc. $MAN

First Trust Advisors LP increased its holdings in ManpowerGroup Inc. (NYSE:MAN) by 291.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 112,648 shares of the business services provider’s stock after buying an additional 83,858 shares during the quarter. First Trust Advisors LP’s holdings in ManpowerGroup were worth $3,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAN. Baird Financial Group Inc. bought a new position in shares of ManpowerGroup in the first quarter valued at about $219,000. Goldman Sachs Group Inc. grew its holdings in ManpowerGroup by 12.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock worth $20,109,000 after acquiring an additional 38,710 shares during the last quarter. Empowered Funds LLC increased its position in ManpowerGroup by 3.2% in the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after acquiring an additional 414 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ManpowerGroup by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock valued at $9,325,000 after acquiring an additional 13,906 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in shares of ManpowerGroup in the first quarter worth about $348,000. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Trading Up 1.7%

NYSE:MAN opened at $55.32 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. ManpowerGroup Inc. has a 1-year low of $25.15 and a 1-year high of $57.08. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 25.15 and a beta of 0.67. The business’s 50-day moving average price is $40.75 and its two-hundred day moving average price is $33.39.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.72 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.During the same period in the prior year, the business posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, equities analysts expect that ManpowerGroup Inc. will post 3.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAN has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on shares of ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Weiss Ratings reissued a “sell (d)” rating on shares of ManpowerGroup in a research note on Wednesday, June 24th. UBS Group boosted their target price on ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Truist Financial upped their price target on ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Finally, Wall Street Zen cut ManpowerGroup from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $53.50.

About ManpowerGroup

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.