Capital World Investors Sells 516,029 Shares of ManpowerGroup Inc. (NYSE:MAN)

Capital World Investors reduced its position in ManpowerGroup Inc. (NYSE:MAN) by 44.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 636,486 shares of the business services provider’s stock after selling 516,029 shares during the quarter. Capital World Investors owned approximately 1.36% of ManpowerGroup worth $36,738,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp acquired a new position in ManpowerGroup in the fourth quarter valued at $35,000. SRS Capital Advisors Inc. grew its stake in ManpowerGroup by 171.3% during 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 period. Blue Trust Inc. grew its stake in ManpowerGroup by 147.9% during 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 period. R Squared Ltd bought a new stake in ManpowerGroup in the fourth quarter worth approximately $95,000. Finally, PNC Financial Services Group Inc. lifted its stake in 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 buying an additional 587 shares during the period. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Trading Down 0.5 %

NYSE MAN opened at $39.88 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $55.18 and a 200 day simple moving average of $59.27. ManpowerGroup Inc. has a 12 month low of $39.22 and a 12 month high of $78.87. The firm has a market capitalization of $1.86 billion, a P/E ratio of 13.34 and a beta of 1.28.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The firm had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the business earned $0.94 earnings per share. On average, analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a “hold” rating for the company in a research note on Monday. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday. UBS Group cut their price target on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Barclays upgraded ManpowerGroup from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Finally, BMO Capital Markets decreased their price target on shares of ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.50.

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.