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

Advisors Asset Management Inc. boosted its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 71.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 94,311 shares of the business services provider’s stock after acquiring an additional 39,241 shares during the quarter. Advisors Asset Management Inc.’s holdings in ManpowerGroup were worth $5,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC purchased a new position in shares of ManpowerGroup during the fourth quarter worth approximately $6,489,000. Commonwealth Equity Services LLC increased its stake in 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 purchasing an additional 2,463 shares during the period. AlphaQuest LLC raised its holdings in shares of 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 buying an additional 27,364 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of ManpowerGroup by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock valued at $133,000 after buying an additional 587 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of ManpowerGroup during the fourth quarter worth about $875,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Trading Down 0.6 %

Shares of MAN stock opened at $60.34 on Thursday. The stock has a market cap of $2.82 billion, a P/E ratio of 20.18 and a beta of 1.43. 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 $53.31 and a fifty-two week high of $78.87. The business has a fifty day simple moving average of $58.09 and a 200-day simple moving average of $62.67.

Analyst Ratings Changes

MAN has been the subject of several analyst reports. Truist Financial reaffirmed a “hold” rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. 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. UBS Group cut their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Barclays lowered 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.33.

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.