ManpowerGroup Inc. (NYSE:MAN) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 71.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,311 shares of the business services provider’s stock after purchasing an additional 39,241 shares during the quarter. Advisors Asset Management Inc. owned about 0.20% of ManpowerGroup worth $5,444,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MAN. Natixis Advisors LLC acquired a new stake in ManpowerGroup during the 4th quarter worth approximately $6,489,000. Commonwealth Equity Services LLC raised its stake in shares of ManpowerGroup by 89.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,218 shares of the business services provider’s stock valued at $301,000 after acquiring an additional 2,463 shares in the last quarter. AlphaQuest LLC boosted its holdings in ManpowerGroup by 4,364.3% in the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider’s stock valued at $1,616,000 after purchasing an additional 27,364 shares during the period. PNC Financial Services Group Inc. grew its stake in ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock worth $133,000 after purchasing an additional 587 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in ManpowerGroup during the 4th quarter worth about $875,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of ManpowerGroup stock opened at $60.34 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 52 week low of $53.31 and a 52 week high of $78.87. The firm’s 50 day moving average is $58.09 and its two-hundred day moving average is $62.67. The firm has a market capitalization of $2.82 billion, a P/E ratio of 20.18 and a beta of 1.43.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial reissued a “hold” rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Barclays lowered their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, UBS Group decreased their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. 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 company. According to MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $69.33.

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.