ManpowerGroup Inc. (NYSE:MAN) Given Consensus Rating of “Hold” by Brokerages

ManpowerGroup Inc. (NYSE:MAN) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $76.60.

A number of equities research analysts have recently weighed in on the company. Truist Financial dropped their target price on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a report on Friday, October 18th. UBS Group dropped their price objective 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 decreased their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th.

ManpowerGroup Stock Performance

NYSE:MAN opened at $63.39 on Friday. The stock has a 50 day simple moving average of $69.94 and a 200 day simple moving average of $71.90. The stock has a market cap of $3.01 billion, a P/E ratio of 80.24 and a beta of 1.46. ManpowerGroup has a 1-year low of $61.53 and a 1-year high of $80.25. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.

Insider Buying and Selling at ManpowerGroup

In other news, CFO John T. Mcginnis acquired 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average cost of $62.28 per share, with a total value of $498,240.00. Following the completion of the purchase, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at $4,399,396.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company’s stock.

Institutional Trading of ManpowerGroup

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its stake in ManpowerGroup by 55.3% during the second quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock worth $112,264,000 after acquiring an additional 573,027 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of ManpowerGroup during the 2nd quarter valued at approximately $24,508,000. Millennium Management LLC increased its position in ManpowerGroup by 163.7% during the 2nd quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock worth $28,476,000 after purchasing an additional 253,287 shares in the last quarter. Victory Capital Management Inc. lifted its stake in ManpowerGroup by 4.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock valued at $287,987,000 after purchasing an additional 183,527 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

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.