Legacy Capital Group California Inc. Acquires 5,072 Shares of ManpowerGroup Inc. (NYSE:MAN)

Legacy Capital Group California Inc. raised its position in ManpowerGroup Inc. (NYSE:MAN) by 55.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in ManpowerGroup by 12,496.6% in the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after buying an additional 894,379 shares in the last quarter. Geode Capital Management LLC grew its holdings in ManpowerGroup by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock valued at $58,444,000 after buying an additional 4,113 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in ManpowerGroup in the 4th quarter valued at $34,200,000. Jacobs Levy Equity Management Inc. grew its holdings in ManpowerGroup by 6.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock valued at $40,414,000 after buying an additional 32,083 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in ManpowerGroup by 4.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 403,070 shares of the business services provider’s stock valued at $29,634,000 after buying an additional 15,407 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays reduced 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. dropped their target price on 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 reiterated a “hold” rating and issued a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Finally, UBS Group lowered 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.33.

ManpowerGroup Price Performance

Shares of MAN opened at $54.92 on Friday. ManpowerGroup Inc. has a 1 year low of $53.70 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 company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 18.37 and a beta of 1.45. The business has a 50-day moving average of $57.70 and a 200-day moving average of $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.