Strengthening Families & Communities LLC trimmed its position in ManpowerGroup Inc. (NYSE:MAN – Free Report) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,265 shares of the business services provider’s stock after selling 369 shares during the period. Strengthening Families & Communities LLC’s holdings in ManpowerGroup were worth $219,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of MAN. Northwestern Mutual Wealth Management Co. acquired a new stake in ManpowerGroup in the first quarter worth $30,000. Fifth Third Bancorp raised its holdings in ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock worth $43,000 after purchasing an additional 243 shares during the period. GAMMA Investing LLC raised its stake in ManpowerGroup by 190.6% during the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock worth $43,000 after buying an additional 488 shares during the period. UMB Bank n.a. raised its stake in ManpowerGroup by 131.7% during the 1st quarter. UMB Bank n.a. now owns 899 shares of the business services provider’s stock worth $52,000 after buying an additional 511 shares during the period. Finally, Caption Management LLC acquired a new stake in ManpowerGroup during the 1st quarter worth $123,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.
ManpowerGroup Stock Performance
Shares of ManpowerGroup stock opened at $38.09 on Friday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -100.23 and a beta of 1.08. The stock’s 50-day moving average is $39.76 and its 200-day moving average is $42.77. ManpowerGroup Inc. has a one year low of $36.96 and a one year high of $75.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on MAN shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ManpowerGroup in a research report on Wednesday. Wall Street Zen raised ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Finally, UBS Group dropped their target price on shares of ManpowerGroup from $46.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $47.20.
Read Our Latest Stock Report on MAN
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.
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