ManpowerGroup Inc. $MAN Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in ManpowerGroup Inc. (NYSE:MANFree Report) by 124.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,700 shares of the business services provider’s stock after acquiring an additional 14,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in ManpowerGroup were worth $902,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its stake in ManpowerGroup by 60.3% during the third quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock worth $140,394,000 after purchasing an additional 1,393,622 shares during the last quarter. Quantinno Capital Management LP increased its stake in ManpowerGroup by 235.8% during the first quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock valued at $52,850,000 after purchasing an additional 1,259,752 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in ManpowerGroup by 696.9% during the second quarter. Balyasny Asset Management L.P. now owns 991,063 shares of the business services provider’s stock valued at $40,039,000 after purchasing an additional 866,693 shares during the last quarter. Millennium Management LLC raised its holdings in shares of ManpowerGroup by 77.3% during the fourth quarter. Millennium Management LLC now owns 1,525,936 shares of the business services provider’s stock worth $45,366,000 after purchasing an additional 665,135 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in shares of ManpowerGroup during the fourth quarter worth $14,420,000. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $59.30 on Thursday. The firm’s 50 day moving average is $45.33 and its two-hundred day moving average is $35.10. ManpowerGroup Inc. has a 52 week low of $25.15 and a 52 week high of $60.97. The firm has a market capitalization of $2.76 billion, a P/E ratio of 26.96 and a beta of 0.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27.

ManpowerGroup (NYSE:MANGet Free Report) last released its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.72 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.During the same quarter in the previous year, the company posted ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Analysts anticipate that ManpowerGroup Inc. will post 3.62 earnings per share for the current year.

Wall Street Analyst Weigh In

MAN has been the topic of a number of recent research reports. UBS Group raised their price target on shares of ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Barclays raised their price target on ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Wall Street Zen upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. BMO Capital Markets upped their price objective on ManpowerGroup from $49.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Finally, Truist Financial increased their target price on ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.50.

View Our Latest Analysis on MAN

About ManpowerGroup

(Free Report)

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.

See Also

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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