Russell Investments Group Ltd. Acquires 40,084 Shares of ManpowerGroup Inc. (NYSE:MAN)

Russell Investments Group Ltd. increased its holdings in ManpowerGroup Inc. (NYSE:MAN) by 37.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 146,661 shares of the business services provider’s stock after purchasing an additional 40,084 shares during the period. Russell Investments Group Ltd.’s holdings in ManpowerGroup were worth $8,464,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays raised shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $55.00 to $50.00 in a report on Thursday. Truist Financial reaffirmed a “hold” rating and set a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, UBS Group dropped their target price on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.50.

ManpowerGroup Trading Up 0.5 %

NYSE MAN opened at $51.02 on Friday. The stock’s 50 day moving average is $56.55 and its 200 day moving average is $60.49. 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 firm has a market capitalization of $2.38 billion, a PE ratio of 17.06 and a beta of 1.28. ManpowerGroup Inc. has a twelve month low of $47.29 and a twelve month high of $78.87.

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.