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

Xponance Inc. boosted its stake in ManpowerGroup Inc. (NYSE:MAN) by 11.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,446 shares of the business services provider’s stock after acquiring 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 SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. acquired a new position in shares of ManpowerGroup during the 4th quarter worth about $34,200,000. Point72 Asset Management L.P. increased its stake in ManpowerGroup by 480.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock worth $23,884,000 after buying an additional 268,866 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock valued at $43,189,000 after acquiring an additional 191,901 shares during the last quarter. KLCM Advisors Inc. lifted its position in shares of ManpowerGroup by 153.9% in the fourth quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider’s stock valued at $17,119,000 after acquiring an additional 179,788 shares in the last quarter. Finally, Natixis Advisors LLC acquired a new stake in shares of ManpowerGroup in the fourth quarter worth approximately $6,489,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Ratings Changes

MAN has been the topic of a number of research reports. Barclays decreased their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd. Truist Financial restated a “hold” rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. UBS Group cut their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their target price on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.33.

ManpowerGroup Stock Performance

NYSE:MAN opened at $58.56 on Thursday. The company’s 50-day moving average is $58.27 and its two-hundred day moving average is $62.19. ManpowerGroup Inc. has a 1-year low of $53.31 and a 1-year high of $78.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.58 and a beta of 1.43.

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.