Mirae Asset Global Investments Co. Ltd. Buys Shares of 12,177 ManpowerGroup Inc. (NYSE:MAN)

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,177 shares of the business services provider’s stock, valued at approximately $968,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its holdings in shares of ManpowerGroup by 54.8% in the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 160 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in ManpowerGroup by 19.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 162 shares during the period. Raymond James & Associates boosted its holdings in ManpowerGroup by 5.2% in the fourth quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 173 shares during the last quarter. Covestor Ltd grew its position in ManpowerGroup by 8.0% during the 3rd quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock worth $189,000 after purchasing an additional 190 shares during the period. Finally, Advisor Partners II LLC raised its stake in shares of ManpowerGroup by 6.1% during the 3rd quarter. Advisor Partners II LLC now owns 3,983 shares of the business services provider’s stock valued at $292,000 after buying an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Up 1.0 %

MAN stock opened at $76.44 on Wednesday. ManpowerGroup Inc. has a 52 week low of $67.35 and a 52 week high of $88.91. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.44. The firm has a 50-day simple moving average of $73.36 and a 200-day simple moving average of $74.41. The stock has a market capitalization of $3.70 billion, a P/E ratio of 78.80, a P/E/G ratio of 0.64 and a beta of 1.54.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. ManpowerGroup’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 EPS. Equities analysts forecast that ManpowerGroup Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MAN shares. JPMorgan Chase & Co. upped their target price on ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. BMO Capital Markets boosted their target price on shares of ManpowerGroup from $81.00 to $84.00 and gave the company a “market perform” rating in a research note on Monday. BNP Paribas reissued an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a report on Friday, January 5th. Truist Financial lifted their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Finally, StockNews.com downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, ManpowerGroup has an average rating of “Hold” and an average price target of $83.00.

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.