ManpowerGroup Inc. (NYSE:MAN) Given Consensus Rating of “Hold” by Brokerages

ManpowerGroup Inc. (NYSE:MAN) has earned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $76.60.

Several equities research analysts have weighed in on the stock. UBS Group lowered their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. Truist Financial dropped their target price on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Friday, October 18th. JPMorgan Chase & Co. lowered their price target on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Finally, BMO Capital Markets cut their price objective on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a report on Friday, October 18th.

Insider Activity at ManpowerGroup

In other ManpowerGroup news, CFO John T. Mcginnis acquired 8,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average cost of $62.28 per share, with a total value of $498,240.00. Following the acquisition, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in ManpowerGroup by 55.3% in the second quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock valued at $112,264,000 after acquiring an additional 573,027 shares during the period. Pzena Investment Management LLC purchased a new stake in ManpowerGroup during the second quarter worth $24,508,000. Millennium Management LLC grew its position in ManpowerGroup by 163.7% during the second quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after buying an additional 253,287 shares during the period. Victory Capital Management Inc. increased its holdings in ManpowerGroup by 4.7% in the second quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock valued at $287,987,000 after buying an additional 183,527 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of ManpowerGroup by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock worth $160,539,000 after acquiring an additional 103,059 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

MAN stock opened at $65.27 on Friday. ManpowerGroup has a one year low of $61.53 and a one year high of $80.25. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 82.62 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.15. The firm has a 50-day simple moving average of $69.44 and a two-hundred day simple moving average of $71.73.

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.