ManpowerGroup Inc. (NYSE:MAN) Shares Bought by Xponance Inc.

Xponance Inc. grew its position in ManpowerGroup Inc. (NYSE:MAN) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,446 shares of the business services provider’s stock after buying an additional 782 shares during the quarter. Xponance Inc.’s holdings in ManpowerGroup were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WFA Asset Management Corp acquired a new position in ManpowerGroup in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. grew its holdings 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 valued at $51,000 after purchasing an additional 562 shares in the last quarter. Blue Trust Inc. increased its stake in 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 buying an additional 778 shares during the period. R Squared Ltd acquired a new stake in ManpowerGroup during the 4th quarter worth approximately $95,000. Finally, PNC Financial Services Group Inc. boosted its position in ManpowerGroup by 34.2% in the 4th 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. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of MAN opened at $58.56 on Thursday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.58 and a beta of 1.43. ManpowerGroup Inc. has a 52-week low of $53.31 and a 52-week 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 50 day moving average price of $58.27 and a 200 day moving average price of $62.19.

Analyst Upgrades and Downgrades

MAN has been the topic of several analyst reports. 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 note on Friday, January 31st. Barclays decreased their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. Truist Financial restated a “hold” rating and set a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Finally, UBS Group decreased their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.