Mutual of America Capital Management LLC Sells 852 Shares of ManpowerGroup Inc. (NYSE:MAN)

Mutual of America Capital Management LLC decreased its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,793 shares of the business services provider’s stock after selling 852 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of ManpowerGroup worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp bought a new stake in ManpowerGroup during the 4th quarter valued at $35,000. Capital Performance Advisors LLP bought a new position in shares of ManpowerGroup in the third quarter worth $54,000. Blue Trust Inc. increased its holdings in shares of ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after purchasing an additional 778 shares during the period. R Squared Ltd bought a new position in shares of ManpowerGroup in the fourth quarter worth $95,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of ManpowerGroup by 400.3% in the third quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock worth $122,000 after purchasing an additional 1,333 shares during the period. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Up 1.4 %

MAN opened at $62.90 on Friday. The stock has a market cap of $2.94 billion, a PE ratio of 21.04 and a beta of 1.43. 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 52 week low of $53.31 and a 52 week high of $78.87. The business’s fifty day simple moving average is $57.61 and its 200 day simple moving average is $63.39.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MAN shares. Barclays decreased their price target 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. UBS Group decreased 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. Truist Financial reissued a “hold” rating and issued a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.