AlphaQuest LLC Has $1.62 Million Position in ManpowerGroup Inc. (NYSE:MAN)

AlphaQuest LLC raised its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 4,364.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,991 shares of the business services provider’s stock after buying an additional 27,364 shares during the quarter. AlphaQuest LLC owned about 0.06% of ManpowerGroup worth $1,616,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup during the 4th quarter worth about $35,000. Capital Performance Advisors LLP acquired a new position in shares of ManpowerGroup during the 3rd quarter worth about $54,000. SRS Capital Advisors Inc. grew its position in shares of ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after buying an additional 562 shares during the period. Blue Trust Inc. lifted its holdings in shares of ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 778 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of ManpowerGroup during the 4th quarter valued at about $95,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MAN. UBS Group cut their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays cut 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 reiterated a “hold” rating and set a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Trading Up 1.4 %

NYSE MAN opened at $62.90 on Friday. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.04 and a beta of 1.43. The stock’s 50 day moving average price is $57.61 and its two-hundred day moving average price is $63.39. 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 $53.31 and a 52 week high of $78.87.

About ManpowerGroup

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.