ManpowerGroup Inc. (NYSE:MAN) Stock Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in ManpowerGroup Inc. (NYSE:MAN) by 34.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 748,246 shares of the business services provider’s stock after acquiring an additional 191,901 shares during the period. Bank of New York Mellon Corp owned approximately 1.59% of ManpowerGroup worth $43,189,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Merit Financial Group LLC acquired a new stake in shares of ManpowerGroup in the 4th quarter worth about $241,000. BNP Paribas Financial Markets increased its holdings in shares of ManpowerGroup by 168.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock worth $2,199,000 after acquiring an additional 18,764 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of ManpowerGroup by 39.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock worth $570,000 after acquiring an additional 2,208 shares during the period. FORA Capital LLC acquired a new stake in shares of ManpowerGroup in the 3rd quarter worth about $636,000. Finally, National Bank of Canada FI acquired a new stake in shares of ManpowerGroup in the 3rd quarter worth about $1,250,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of MAN opened at $62.04 on Friday. ManpowerGroup Inc. has a one year low of $53.31 and a one year high of $78.87. The company has a 50-day moving average of $57.40 and a two-hundred day moving average of $63.51. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 20.75 and a beta of 1.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MAN shares. JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Truist Financial reissued a “hold” rating and set a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. UBS Group lowered their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays lowered their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.33.

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.