Jupiter Topco LLC acquired a new stake in ManpowerGroup Inc. (NYSE:MAN – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,696 shares of the business services provider’s stock, valued at approximately $733,000.
A number of other large investors have also made changes to their positions in MAN. BlackRock Inc. purchased a new stake in ManpowerGroup during the 2nd quarter worth about $265,921,000. AQR Capital Management LLC grew its holdings in shares of ManpowerGroup by 60.3% during the third quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock worth $140,394,000 after buying an additional 1,393,622 shares in the last quarter. Schroder Investment Management Group raised its position in shares of ManpowerGroup by 24.6% in the fourth quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider’s stock valued at $66,817,000 after buying an additional 443,790 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of ManpowerGroup by 235.8% in the first quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock valued at $52,850,000 after buying an additional 1,259,752 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of ManpowerGroup by 2.0% during the fourth quarter. State Street Corp now owns 1,616,447 shares of the business services provider’s stock valued at $48,057,000 after buying an additional 31,749 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.
ManpowerGroup Trading Down 0.1%
MAN stock opened at $61.92 on Monday. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.45 and a beta of 0.70. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $52.05 and a 200-day simple moving average of $37.47. ManpowerGroup Inc. has a 52 week low of $25.15 and a 52 week high of $63.88.
Analyst Ratings Changes
A number of brokerages recently issued reports on MAN. Robert W. Baird raised their target price on shares of ManpowerGroup from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. The Goldman Sachs Group raised their price objective on ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Barclays upped their target price on ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Truist Financial increased their target price on ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, ManpowerGroup currently has a consensus rating of “Hold” and a consensus target price 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.
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