Wilmington Savings Fund Society FSB Grows Position in ManpowerGroup Inc. (NYSE:MAN)

Wilmington Savings Fund Society FSB raised its position in ManpowerGroup Inc. (NYSE:MAN) by 209.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,718 shares of the business services provider’s stock after buying an additional 5,899 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in ManpowerGroup were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAN. Sanctuary Advisors LLC acquired a new stake in ManpowerGroup during the 2nd quarter worth $421,000. CWM LLC boosted its stake in ManpowerGroup by 77.0% during the 3rd quarter. CWM LLC now owns 13,188 shares of the business services provider’s stock worth $970,000 after purchasing an additional 5,739 shares during the period. Blue Trust Inc. boosted its stake in ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after purchasing an additional 375 shares during the period. Impact Partnership Wealth LLC grew its holdings in shares of ManpowerGroup by 9.8% during the third quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock worth $271,000 after buying an additional 329 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of ManpowerGroup during the third quarter worth about $267,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

NYSE:MAN opened at $56.37 on Wednesday. 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 fifty-two week low of $53.70 and a fifty-two week high of $78.87. The stock has a market cap of $2.65 billion, a PE ratio of 18.85 and a beta of 1.45. The firm’s fifty day simple moving average is $58.64 and its 200-day simple moving average is $65.28.

Analyst Upgrades and Downgrades

MAN has been the topic of a number of research reports. BMO Capital Markets lowered their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a report on Friday, October 18th. Barclays dropped their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Truist Financial restated a “hold” rating and set a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Finally, 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 research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ManpowerGroup has a consensus rating of “Hold” and an average price target 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.