Blue Trust Inc. Buys 375 Shares of ManpowerGroup Inc. (NYSE:MAN)

Blue Trust Inc. lifted its position in ManpowerGroup Inc. (NYSE:MAN) by 248.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 526 shares of the business services provider’s stock after purchasing an additional 375 shares during the quarter. Blue Trust Inc.’s holdings in ManpowerGroup were worth $37,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Abich Financial Wealth Management LLC boosted its stake in shares of ManpowerGroup by 62.4% in the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of ManpowerGroup during the 1st quarter worth about $47,000. Advisors Asset Management Inc. acquired a new stake in shares of ManpowerGroup in the 1st quarter valued at about $49,000. Headlands Technologies LLC acquired a new stake in shares of ManpowerGroup in the 2nd quarter valued at about $47,000. Finally, Innealta Capital LLC purchased a new stake in ManpowerGroup during the 2nd quarter valued at approximately $50,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Trading Up 0.8 %

NYSE MAN opened at $63.34 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.01 billion, a PE ratio of 80.18 and a beta of 1.45. ManpowerGroup Inc. has a 1-year low of $61.53 and a 1-year high of $80.25. The firm’s fifty day simple moving average is $70.34 and its 200-day simple moving average is $72.00.

Insider Transactions at ManpowerGroup

In other ManpowerGroup news, CFO John T. Mcginnis bought 8,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average price of $62.28 per share, with a total value of $498,240.00. Following the acquisition, the chief financial officer now owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MAN shares. UBS Group cut their target price on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. JPMorgan Chase & Co. decreased their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Truist Financial cut their target price on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research report on Friday, October 18th. Finally, BMO Capital Markets cut their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, ManpowerGroup has an average rating of “Hold” and an average price target of $76.60.

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.