State of New Jersey Common Pension Fund D Purchases 7,813 Shares of ManpowerGroup Inc. (NYSE:MAN)

State of New Jersey Common Pension Fund D boosted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,760 shares of the business services provider’s stock after acquiring an additional 7,813 shares during the period. State of New Jersey Common Pension Fund D owned about 0.07% of ManpowerGroup worth $2,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MAN. Blue Trust Inc. boosted its position in shares of ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after purchasing an additional 375 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in ManpowerGroup in the third quarter worth about $267,000. NorthCrest Asset Manangement LLC boosted its holdings in ManpowerGroup by 15.0% in the third quarter. NorthCrest Asset Manangement LLC now owns 6,082 shares of the business services provider’s stock worth $447,000 after acquiring an additional 793 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in ManpowerGroup by 78.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,280 shares of the business services provider’s stock worth $756,000 after acquiring an additional 4,531 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in ManpowerGroup in the 3rd quarter worth approximately $251,000. Institutional investors own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

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

ManpowerGroup Stock Performance

MAN opened at $53.73 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a fifty day moving average price of $57.55 and a 200 day moving average price of $64.24. ManpowerGroup Inc. has a 1 year low of $53.67 and a 1 year high of $78.87. The stock has a market cap of $2.51 billion, a P/E ratio of 17.97 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.