ManpowerGroup Inc. $MAN Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 124.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,700 shares of the business services provider’s stock after buying an additional 14,800 shares during the quarter. Handelsbanken Fonder AB owned 0.06% of ManpowerGroup worth $902,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Treasurer of the State of North Carolina grew its position in ManpowerGroup by 1.4% in the second quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider’s stock valued at $869,000 after acquiring an additional 296 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of ManpowerGroup by 3.6% during the second quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider’s stock worth $408,000 after purchasing an additional 348 shares in the last quarter. Quarry LP lifted its position in shares of ManpowerGroup by 55.3% during the fourth quarter. Quarry LP now owns 1,034 shares of the business services provider’s stock worth $31,000 after purchasing an additional 368 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of ManpowerGroup by 3.2% in the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after purchasing an additional 414 shares during the period. Finally, State of Wyoming boosted its stake in shares of ManpowerGroup by 7.6% in the second quarter. State of Wyoming now owns 6,197 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 440 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Barclays raised their target price on ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Robert W. Baird lifted their target price on ManpowerGroup from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. UBS Group boosted their price target on ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Finally, Wall Street Zen raised ManpowerGroup from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, ManpowerGroup has an average rating of “Hold” and a consensus price target of $53.50.

ManpowerGroup Stock Down 0.3%

Shares of NYSE:MAN opened at $59.30 on Thursday. The firm has a market cap of $2.76 billion, a PE ratio of 26.96 and a beta of 0.67. The company has a fifty day simple moving average of $45.33 and a 200 day simple moving average of $35.10. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27. ManpowerGroup Inc. has a 12-month low of $25.15 and a 12-month high of $60.97.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.72 billion. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. During the same period in the prior year, the firm posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, equities research analysts anticipate that ManpowerGroup Inc. will post 3.62 EPS for the current fiscal year.

ManpowerGroup Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.