Aster Capital Management DIFC Ltd Buys 6,043 Shares of ManpowerGroup Inc. (NYSE:MAN)

Aster Capital Management DIFC Ltd raised its stake in ManpowerGroup Inc. (NYSE:MAN) by 354.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,746 shares of the business services provider’s stock after acquiring an additional 6,043 shares during the period. Aster Capital Management DIFC Ltd’s holdings in ManpowerGroup were worth $447,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. WFA Asset Management Corp bought a new stake in shares of ManpowerGroup in the fourth quarter worth about $35,000. SRS Capital Advisors Inc. increased its stake in ManpowerGroup by 171.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after acquiring an additional 562 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after acquiring an additional 778 shares in the last quarter. R Squared Ltd bought a new position in shares of ManpowerGroup during the 4th quarter valued at approximately $95,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of ManpowerGroup by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MAN shares. UBS Group decreased their price target 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. JPMorgan Chase & Co. dropped their price target on 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 reissued a “hold” rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Finally, Barclays dropped their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Stock Down 4.5 %

Shares of NYSE MAN opened at $52.18 on Monday. The company has a market cap of $2.44 billion, a P/E ratio of 17.45 and a beta of 1.28. The firm has a 50-day simple moving average of $57.86 and a two-hundred day simple moving average of $61.44. ManpowerGroup Inc. has a 1 year low of $47.76 and a 1 year high of $78.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

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.