102,308 ManpowerGroup Inc. $MAN Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its ManpowerGroup stake by 79.9% in the third quarter, purchasing 102,308 shares and bringing its total holdings to 230,308 shares valued at approximately $12.8 million.
• Institutional investors and hedge funds own 98.03% of ManpowerGroup’s outstanding stock, while several other investment firms also initiated or expanded positions.
• Analysts maintain a consensus “Hold” rating with an average price target of $51.25. ManpowerGroup matched quarterly EPS estimates at $1.01, reported $4.84 billion in revenue, and posted 4.4% year-over-year revenue growth.

Assenagon Asset Management S.A. raised its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 79.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,308 shares of the business services provider's stock after purchasing an additional 102,308 shares during the period. Assenagon Asset Management S.A. owned 0.50% of ManpowerGroup worth $12,801,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MAN. Global Retirement Partners LLC purchased a new position in shares of ManpowerGroup during the 2nd quarter worth approximately $30,000. Elevation Wealth Partners LLC lifted its stake in ManpowerGroup by 2,007.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider's stock valued at $38,000 after buying an additional 1,084 shares in the last quarter. SJS Investment Consulting Inc. acquired a new stake in ManpowerGroup during the 1st quarter valued at $57,000. Allworth Financial LP acquired a new stake in ManpowerGroup during the 2nd quarter valued at $88,000. Finally, EverSource Wealth Advisors LLC grew its holdings in ManpowerGroup by 55.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,021 shares of the business services provider's stock valued at $89,000 after buying an additional 1,074 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Truist Financial increased their price objective on ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, July 17th. Barclays lifted their price objective on ManpowerGroup from $30.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, July 20th. JPMorgan Chase & Co. cut their target price on shares of ManpowerGroup from $59.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday. Robert W. Baird cut their target price on shares of ManpowerGroup from $72.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Weiss Ratings upgraded shares of ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $51.25.

ManpowerGroup Price Performance

ManpowerGroup stock opened at $41.48 on Tuesday. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $63.88. The firm has a 50 day moving average price of $56.74 and a 200 day moving average price of $43.35. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.64 and a beta of 0.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.04 and a current ratio of 1.05.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share for the quarter, meeting analysts' consensus estimates of $1.01. ManpowerGroup had a net margin of 0.64% and a return on equity of 7.78%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the business earned $0.83 EPS. ManpowerGroup's revenue for the quarter was up 4.4% on a year-over-year basis. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. Sell-side analysts predict that ManpowerGroup Inc. will post 3.61 earnings per share for the current year.

About ManpowerGroup

ManpowerGroup Inc is a global workforce solutions and staffing company headquartered in Milwaukee, Wisconsin. Founded in 1948, the company helps organizations recruit, manage and develop talent while assisting individuals with finding employment and advancing their careers.

ManpowerGroup provides temporary, permanent and contract staffing; recruitment process outsourcing; workforce management; career transition and outplacement services; and talent development programs. Its principal brands include Manpower, which focuses on staffing and workforce solutions; Experis, which specializes in information technology and professional talent; and Talent Solutions, which provides recruitment, career management and workforce consulting services.

The company serves employers and job seekers across a broad range of industries and geographic markets, with operations spanning numerous countries and territories worldwide.

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