Capital World Investors Sells 516,029 Shares of ManpowerGroup Inc. (NYSE:MAN)

Capital World Investors lowered its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 44.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 636,486 shares of the business services provider's stock after selling 516,029 shares during the quarter. Capital World Investors owned about 1.36% of ManpowerGroup worth $36,738,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WFA Asset Management Corp acquired a new position in ManpowerGroup in the fourth quarter worth $35,000. SRS Capital Advisors Inc. boosted its stake in ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after purchasing an additional 562 shares in the last quarter. Blue Trust Inc. boosted its stake in ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after purchasing an additional 778 shares in the last quarter. R Squared Ltd acquired a new position in ManpowerGroup in the fourth quarter worth $95,000. Finally, PNC Financial Services Group Inc. boosted its stake in ManpowerGroup by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock worth $133,000 after purchasing an additional 587 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Trading Up 1.5 %

ManpowerGroup stock traded up $0.61 during midday trading on Friday, hitting $42.49. 853,838 shares of the stock were exchanged, compared to its average volume of 617,207. The company has a fifty day simple moving average of $54.17 and a two-hundred day simple moving average of $58.48. ManpowerGroup Inc. has a 52 week low of $39.22 and a 52 week high of $78.87. The stock has a market capitalization of $1.99 billion, a PE ratio of 14.21 and a beta of 1.28. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The firm had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the business earned $0.94 EPS. Equities research analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. UBS Group reduced their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. BMO Capital Markets dropped their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. cut their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Truist Financial reduced their target price on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Finally, Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $57.50.

ManpowerGroup 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.