Legacy Capital Group California Inc. Has $818,000 Position in ManpowerGroup Inc. (NYSE:MAN)

Legacy Capital Group California Inc. raised its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 55.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,171 shares of the business services provider’s stock after buying an additional 5,072 shares during the quarter. Legacy Capital Group California Inc.’s holdings in ManpowerGroup were worth $818,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MAN. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup during the 4th quarter worth about $35,000. Blue Trust Inc. grew its position in shares of ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 375 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at approximately $54,000. R Squared Ltd acquired a new position in shares of ManpowerGroup in the 4th quarter valued at approximately $95,000. Finally, Venturi Wealth Management LLC grew its position in shares of ManpowerGroup by 400.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 1,333 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ManpowerGroup Trading Down 0.1 %

NYSE MAN opened at $54.92 on Friday. ManpowerGroup Inc. has a 52 week low of $53.70 and a 52 week high of $78.87. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 18.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The stock’s 50 day moving average price is $57.70 and its two-hundred day moving average price is $64.44.

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.