Russell Investments Group Ltd. Has $8.46 Million Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Russell Investments Group Ltd. boosted its stake in ManpowerGroup Inc. (NYSE:MAN) by 37.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 146,661 shares of the business services provider’s stock after buying an additional 40,084 shares during the period. Russell Investments Group Ltd. owned approximately 0.31% of ManpowerGroup worth $8,464,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MAN. Captrust Financial Advisors increased its stake in shares of ManpowerGroup by 11.8% during the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock worth $240,000 after purchasing an additional 344 shares during the period. National Bank of Canada FI acquired a new stake in shares of ManpowerGroup during the third quarter worth $1,250,000. Barclays PLC boosted its position in shares of ManpowerGroup by 62.9% in the third quarter. Barclays PLC now owns 154,886 shares of the business services provider’s stock valued at $11,387,000 after acquiring an additional 59,821 shares during the period. Geode Capital Management LLC boosted its position in shares of ManpowerGroup by 0.5% in the third quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock valued at $58,444,000 after acquiring an additional 4,113 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of ManpowerGroup in the third quarter valued at about $664,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on MAN. Barclays raised shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $55.00 to $50.00 in a report on Thursday. Truist Financial reiterated a “hold” rating and issued a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. UBS Group lowered their price objective on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their target price on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.50.

ManpowerGroup Trading Up 0.5 %

Shares of MAN opened at $51.02 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. ManpowerGroup Inc. has a 52-week low of $47.29 and a 52-week high of $78.87. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 17.06 and a beta of 1.28. The business’s fifty day moving average is $56.55 and its 200-day moving average is $60.49.

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.