Blue Trust Inc. Grows Position in ManpowerGroup Inc. (NYSE:MAN)

Blue Trust Inc. grew its stake in ManpowerGroup Inc. (NYSE:MAN) by 147.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,304 shares of the business services provider’s stock after buying an additional 778 shares during the period. Blue Trust Inc.’s holdings in ManpowerGroup were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in ManpowerGroup by 12,496.6% in the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after acquiring an additional 894,379 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of ManpowerGroup by 480.1% in the third quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock worth $23,884,000 after purchasing an additional 268,866 shares during the period. Barclays PLC increased its stake in shares of ManpowerGroup by 62.9% in the third quarter. Barclays PLC now owns 154,886 shares of the business services provider’s stock worth $11,387,000 after purchasing an additional 59,821 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of ManpowerGroup during the 3rd quarter valued at $4,244,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of ManpowerGroup by 1,373.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 53,473 shares of the business services provider’s stock valued at $3,086,000 after buying an additional 49,845 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock opened at $57.06 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 12 month low of $53.70 and a 12 month high of $78.87. The stock has a 50 day moving average of $58.91 and a 200 day moving average of $65.63. The firm has a market cap of $2.68 billion, a PE ratio of 19.08 and a beta of 1.45.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MAN. BMO Capital Markets cut their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Barclays cut their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. UBS Group lowered their price target on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial reaffirmed a “hold” rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.33.

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.