US Bancorp DE Has $271,000 Stock Position in ManpowerGroup Inc. (NYSE:MAN)

US Bancorp DE reduced its stake in ManpowerGroup Inc. (NYSE:MAN) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,695 shares of the business services provider’s stock after selling 351 shares during the quarter. US Bancorp DE’s holdings in ManpowerGroup were worth $271,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. increased its holdings in shares of ManpowerGroup by 12,496.6% during the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after purchasing an additional 894,379 shares during the period. Geode Capital Management LLC increased its holdings in shares of ManpowerGroup by 0.5% during the third quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after purchasing an additional 4,113 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock worth $43,189,000 after purchasing an additional 191,901 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of ManpowerGroup during the fourth quarter worth approximately $34,200,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of ManpowerGroup by 6.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock worth $40,414,000 after purchasing an additional 32,083 shares during the period. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock opened at $60.27 on Friday. ManpowerGroup Inc. has a 52-week low of $53.31 and a 52-week high of $78.87. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 20.16 and a beta of 1.43. The company has a fifty day moving average of $57.79 and a 200-day moving average of $63.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.

Analyst Upgrades and Downgrades

MAN has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target 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. UBS Group reduced their price target 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. Truist Financial reiterated 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, 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 report on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.33.

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.