Louisiana State Employees Retirement System Sells 200 Shares of ManpowerGroup Inc. (NYSE:MAN)

Louisiana State Employees Retirement System cut its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,000 shares of the business services provider’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ManpowerGroup were worth $750,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after buying an additional 375 shares in the last quarter. Impact Partnership Wealth LLC increased its holdings in ManpowerGroup by 9.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock worth $271,000 after buying an additional 329 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in ManpowerGroup in the 3rd quarter worth about $267,000. NorthCrest Asset Manangement LLC increased its holdings in ManpowerGroup by 15.0% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 6,082 shares of the business services provider’s stock worth $447,000 after buying an additional 793 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in ManpowerGroup by 78.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,280 shares of the business services provider’s stock worth $756,000 after buying an additional 4,531 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Down 1.1 %

MAN stock opened at $54.61 on Wednesday. ManpowerGroup Inc. has a twelve month low of $53.70 and a twelve month high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.56 billion, a P/E ratio of 18.26 and a beta of 1.45. The business’s 50-day moving average price is $57.93 and its 200-day moving average price is $64.57.

Wall Street Analyst Weigh In

MAN has been the subject of several research analyst reports. UBS Group reduced their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Truist Financial restated a “hold” rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Barclays cut their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. cut their price target on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.33.

About ManpowerGroup

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.