ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its stake in ManpowerGroup Inc. (NYSE:MAN) by 27.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,656 shares of the business services provider’s stock after selling 2,098 shares during the quarter. Sanctuary Advisors LLC’s holdings in ManpowerGroup were worth $343,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. WFA Asset Management Corp purchased a new stake in ManpowerGroup during the 4th quarter worth approximately $35,000. Capital Performance Advisors LLP purchased a new stake in ManpowerGroup during the 3rd quarter worth approximately $54,000. Blue Trust Inc. increased its stake in ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after buying an additional 778 shares during the period. R Squared Ltd purchased a new stake in ManpowerGroup during the 4th quarter worth approximately $95,000. Finally, Venturi Wealth Management LLC increased its position in shares of ManpowerGroup by 400.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 1,333 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Trading Down 0.1 %

NYSE MAN opened at $57.57 on Tuesday. 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’s fifty day moving average price is $57.35 and its 200 day moving average price is $63.73. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 19.25 and a beta of 1.45. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MAN. Truist Financial reissued a “hold” rating and issued a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research 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 research report on Friday, January 3rd. UBS Group dropped their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. One research 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. Based on data from MarketBeat.com, the stock presently 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.