AQR Capital Management LLC grew its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 45.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,262,265 shares of the business services provider's stock after purchasing an additional 711,043 shares during the quarter. AQR Capital Management LLC owned about 4.82% of ManpowerGroup worth $130,125,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of MAN. Harbor Capital Advisors Inc. boosted its holdings in ManpowerGroup by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock worth $2,745,000 after buying an additional 234 shares during the period. Twin Capital Management Inc. boosted its holdings in shares of ManpowerGroup by 1.7% in the fourth quarter. Twin Capital Management Inc. now owns 25,896 shares of the business services provider's stock worth $1,495,000 after acquiring an additional 439 shares during the period. Bank of Nova Scotia boosted its holdings in shares of ManpowerGroup by 8.8% in the fourth quarter. Bank of Nova Scotia now owns 5,676 shares of the business services provider's stock worth $328,000 after acquiring an additional 458 shares during the period. Synovus Financial Corp raised its stake in shares of ManpowerGroup by 6.4% during the 4th quarter. Synovus Financial Corp now owns 8,428 shares of the business services provider's stock valued at $486,000 after purchasing an additional 506 shares during the period. Finally, KBC Group NV raised its stake in shares of ManpowerGroup by 1.0% during the 4th quarter. KBC Group NV now owns 54,109 shares of the business services provider's stock valued at $3,123,000 after purchasing an additional 536 shares during the period. Hedge funds and other institutional investors own 98.03% of the company's stock.
ManpowerGroup Price Performance
Shares of NYSE:MAN traded up $1.50 during trading on Friday, reaching $44.22. The company had a trading volume of 1,051,492 shares, compared to its average volume of 634,595. The company has a fifty day moving average of $53.02 and a two-hundred day moving average of $57.67. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.07 billion, a P/E ratio of 14.79 and a beta of 1.28. ManpowerGroup Inc. has a 12 month low of $39.22 and a 12 month high of $78.87.
ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The firm had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the company earned $0.94 EPS. Equities research analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have weighed in on MAN shares. UBS Group reduced their target price on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Truist Financial reduced their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. BMO Capital Markets reduced their price target on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $57.50.
Check Out Our Latest Stock Report on MAN
About ManpowerGroup
(
Free Report)
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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