Impact Partnership Wealth LLC Has $271,000 Stake in ManpowerGroup Inc. (NYSE:MAN)

Impact Partnership Wealth LLC lifted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 9.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,693 shares of the business services provider’s stock after purchasing an additional 329 shares during the period. Impact Partnership Wealth LLC’s holdings in ManpowerGroup were worth $271,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MAN. AQR Capital Management LLC lifted its holdings in ManpowerGroup by 55.3% in the second quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock valued at $112,264,000 after buying an additional 573,027 shares during the period. Pzena Investment Management LLC acquired a new position in ManpowerGroup in the second quarter valued at approximately $24,508,000. Millennium Management LLC lifted its holdings in ManpowerGroup by 163.7% in the second quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after buying an additional 253,287 shares during the period. Victory Capital Management Inc. lifted its holdings in ManpowerGroup by 4.7% in the second quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock valued at $287,987,000 after buying an additional 183,527 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in ManpowerGroup by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock valued at $160,539,000 after buying an additional 103,059 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on MAN. Truist Financial lowered their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Friday, October 18th. UBS Group lowered their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, ManpowerGroup presently has an average rating of “Hold” and a consensus price target of $76.60.

Insider Transactions at ManpowerGroup

In related news, CFO John T. Mcginnis acquired 8,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average price of $62.28 per share, with a total value of $498,240.00. Following the completion of the transaction, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.

ManpowerGroup Stock Up 2.2 %

Shares of MAN stock opened at $63.62 on Friday. The firm has a fifty day moving average of $71.12 and a 200-day moving average of $72.36. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. ManpowerGroup Inc. has a 12-month low of $61.53 and a 12-month high of $80.25. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 65.59 and a beta of 1.45.

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.