Empowered Funds LLC Raises Stake in ManpowerGroup Inc. (NYSE:MAN)

Empowered Funds LLC boosted its position in ManpowerGroup Inc. (NYSE:MAN) by 16.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,021 shares of the business services provider’s stock after acquiring an additional 1,831 shares during the period. Empowered Funds LLC’s holdings in ManpowerGroup were worth $752,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of ManpowerGroup by 12,496.6% during the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after acquiring an additional 894,379 shares during the period. Point72 Asset Management L.P. raised its position in shares of ManpowerGroup by 480.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock worth $23,884,000 after buying an additional 268,866 shares during the period. Barclays PLC raised its position in shares of ManpowerGroup by 62.9% in the 3rd quarter. Barclays PLC now owns 154,886 shares of the business services provider’s stock worth $11,387,000 after buying an additional 59,821 shares during the period. Foundry Partners LLC acquired a new position in ManpowerGroup in the third quarter valued at $4,244,000. Finally, Assenagon Asset Management S.A. grew its position in ManpowerGroup by 1,373.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 53,473 shares of the business services provider’s stock valued at $3,086,000 after acquiring an additional 49,845 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

NYSE:MAN opened at $55.15 on Tuesday. The firm has a 50-day moving average of $58.08 and a two-hundred day moving average of $64.70. 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 stock has a market cap of $2.59 billion, a P/E ratio of 18.45 and a beta of 1.45. ManpowerGroup Inc. has a 1-year low of $53.70 and a 1-year high of $78.87.

Analyst Ratings Changes

Several research firms have recently weighed in on MAN. UBS Group reduced their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Truist Financial restated a “hold” rating and set a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Finally, Barclays cut their price objective on 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 given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.