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

Blue Trust Inc. lifted its holdings in ManpowerGroup Inc. (NYSE:MAN) by 147.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,304 shares of the business services provider’s stock after buying an additional 778 shares during the quarter. Blue Trust Inc.’s holdings in ManpowerGroup were worth $75,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in ManpowerGroup by 42.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the business services provider’s stock worth $192,000 after purchasing an additional 990 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of ManpowerGroup by 3.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 28,144 shares of the business services provider’s stock worth $1,624,000 after buying an additional 849 shares during the last quarter. Merit Financial Group LLC bought a new position in ManpowerGroup during the 4th quarter valued at approximately $241,000. Assenagon Asset Management S.A. increased its position in 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. Finally, Harbor Capital Advisors Inc. raised its stake in ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock valued at $2,745,000 after buying an additional 234 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MAN shares. Barclays reduced their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. BMO Capital Markets reduced their price objective 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. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Truist Financial reissued a “hold” rating and set a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Finally, UBS Group lowered their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, ManpowerGroup has an average rating of “Hold” and an average price target of $69.33.

ManpowerGroup Stock Performance

Shares of MAN stock opened at $57.06 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $58.91 and a 200-day moving average price of $65.63. ManpowerGroup Inc. has a 52 week low of $53.70 and a 52 week high of $78.87. The firm has a market capitalization of $2.68 billion, a PE ratio of 19.08 and a beta of 1.45.

ManpowerGroup 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.