Vanguard Group Inc. Sells 30,329 Shares of ManpowerGroup Inc. (NYSE:MAN)

Vanguard Group Inc. decreased its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,821,161 shares of the business services provider’s stock after selling 30,329 shares during the period. Vanguard Group Inc. owned 14.53% of ManpowerGroup worth $393,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of ManpowerGroup during the fourth quarter valued at approximately $34,200,000. Point72 Asset Management L.P. increased its position in ManpowerGroup by 480.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after purchasing an additional 268,866 shares during the period. Bank of New York Mellon Corp raised its holdings in ManpowerGroup by 34.5% in the 4th 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 in the last quarter. KLCM Advisors Inc. lifted its position in shares of ManpowerGroup by 153.9% in the 4th quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider’s stock worth $17,119,000 after purchasing an additional 179,788 shares during the period. Finally, Natixis Advisors LLC bought a new stake in shares of ManpowerGroup during the 4th quarter valued at about $6,489,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MAN shares. Truist Financial reissued a “hold” rating and issued a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Barclays dropped their price target on 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 lowered their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their target price 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 analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Trading Up 0.1 %

NYSE MAN opened at $58.68 on Thursday. The stock’s fifty day moving average price is $58.15 and its 200-day moving average price is $61.79. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.74 billion, a P/E ratio of 19.63 and a beta of 1.43. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87.

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.