Natixis Advisors LLC Makes New $6.49 Million Investment in ManpowerGroup Inc. (NYSE:MAN)

Natixis Advisors LLC purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 112,435 shares of the business services provider’s stock, valued at approximately $6,489,000. Natixis Advisors LLC owned about 0.24% of ManpowerGroup at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in shares of ManpowerGroup by 12,496.6% during the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after purchasing an additional 894,379 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of ManpowerGroup by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after purchasing an additional 4,113 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ManpowerGroup by 34.5% during the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock worth $43,189,000 after purchasing an additional 191,901 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of ManpowerGroup in the fourth quarter worth approximately $34,200,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of ManpowerGroup by 6.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock worth $40,414,000 after acquiring an additional 32,083 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

MAN opened at $57.68 on Friday. 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 company has a 50 day moving average of $58.22 and a two-hundred day moving average of $62.53. The company has a market cap of $2.70 billion, a P/E ratio of 19.29 and a beta of 1.43.

Analyst Ratings Changes

Several research firms recently issued reports on MAN. JPMorgan Chase & Co. decreased their target price 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. UBS Group decreased their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays decreased their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. Finally, Truist Financial reissued 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. One equities research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.