ManpowerGroup Inc. (NYSE:MAN) Stock Holdings Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in ManpowerGroup Inc. (NYSE:MAN) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,571 shares of the business services provider’s stock after selling 3,000 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of ManpowerGroup worth $2,342,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Merit Financial Group LLC bought a new position in shares of ManpowerGroup in the fourth quarter valued at $241,000. BNP Paribas Financial Markets increased its holdings in shares of ManpowerGroup by 168.4% in the third quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock valued at $2,199,000 after buying an additional 18,764 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of ManpowerGroup by 39.8% in the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock valued at $570,000 after buying an additional 2,208 shares in the last quarter. FORA Capital LLC acquired a new stake in ManpowerGroup during the 3rd quarter valued at $636,000. Finally, National Bank of Canada FI acquired a new stake in ManpowerGroup during the 3rd quarter valued at $1,250,000. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Trading Up 3.2 %

ManpowerGroup stock opened at $57.64 on Friday. The company’s fifty day simple moving average is $57.35 and its 200-day simple moving average is $63.78. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87. The stock has a market cap of $2.69 billion, a P/E ratio of 19.28 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAN. Truist Financial reissued a “hold” rating and set a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. JPMorgan Chase & Co. cut 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. UBS Group cut their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays cut their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.33.

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.