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

Aster Capital Management DIFC Ltd boosted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 354.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,746 shares of the business services provider’s stock after purchasing an additional 6,043 shares during the period. Aster Capital Management DIFC Ltd’s holdings in ManpowerGroup were worth $447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp bought a new position in shares of ManpowerGroup during the 4th quarter valued at $35,000. SRS Capital Advisors Inc. increased its position in ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 562 shares during the last quarter. Blue Trust Inc. lifted its holdings in ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 778 shares during the period. R Squared Ltd purchased a new position in ManpowerGroup in the fourth quarter worth about $95,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of ManpowerGroup by 34.2% during 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 purchasing 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 NYSE MAN opened at $52.18 on Monday. 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 Inc. has a 1 year low of $47.76 and a 1 year high of $78.87. The firm has a fifty day moving average price of $57.86 and a 200-day moving average price of $61.44. The stock has a market cap of $2.44 billion, a PE ratio of 17.45 and a beta of 1.28.

Wall Street Analyst Weigh In

MAN has been the topic of a number of research reports. Barclays dropped their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd. UBS Group dropped 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. Truist Financial restated a “hold” rating and issued a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, ManpowerGroup currently has a consensus rating of “Hold” and an average 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.