998,000 Shares in ManpowerGroup Inc. $MAN Acquired by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp acquired 998,000 ManpowerGroup shares worth approximately $33.7 million, representing a 2.15% stake. Institutional investors collectively own 98.03% of the company.
• Analyst sentiment remains mixed but improved, with three Buy ratings and six Holds. ManpowerGroup has an average rating of “Hold” and an average price target of $53.50.
• ManpowerGroup exceeded quarterly expectations, reporting $0.99 in earnings per share versus the $0.96 consensus and $4.86 billion in revenue versus $4.72 billion expected. Shares opened at $58.36, near their 52-week high of $59.86.

Alberta Investment Management Corp purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 998,000 shares of the business services provider's stock, valued at approximately $33,702,000. Alberta Investment Management Corp owned 2.15% of ManpowerGroup as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Quarry LP acquired a new stake in ManpowerGroup during the third quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in ManpowerGroup during the third quarter valued at approximately $30,000. Fifth Third Bancorp grew its stake in ManpowerGroup by 637.7% during the fourth quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider's stock worth $33,000 after buying an additional 963 shares during the period. Elevation Wealth Partners LLC grew its stake in ManpowerGroup by 2,007.4% during the second quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider's stock worth $38,000 after buying an additional 1,084 shares during the period. Finally, Hantz Financial Services Inc. increased its position in shares of ManpowerGroup by 320.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,376 shares of the business services provider's stock worth $41,000 after acquiring an additional 1,049 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

MAN has been the topic of a number of research reports. Weiss Ratings raised shares of ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of ManpowerGroup from a "hold" rating to a "buy" rating in a research report on Saturday. BMO Capital Markets increased their price target on ManpowerGroup from $49.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Barclays raised their price objective on ManpowerGroup from $30.00 to $47.00 and gave the company an "equal weight" rating in a research report on Monday, July 20th. Finally, Truist Financial boosted their price objective on ManpowerGroup from $34.00 to $50.00 and gave the stock a "hold" rating in a research note 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. Based on data from MarketBeat.com, ManpowerGroup presently has an average rating of "Hold" and an average price target of $53.50.

ManpowerGroup Stock Up 0.1%

Shares of NYSE MAN opened at $58.36 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $59.86. The stock's 50-day simple moving average is $43.78 and its 200-day simple moving average is $34.52. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 26.53 and a beta of 0.67.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings data 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. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same quarter last year, the firm earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, equities analysts anticipate that ManpowerGroup Inc. will post 3.62 earnings per share for the current fiscal year.

ManpowerGroup Company Profile

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.

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