Algert Global LLC boosted its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 70.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,330 shares of the business services provider's stock after acquiring an additional 61,460 shares during the period. Algert Global LLC owned about 0.32% of ManpowerGroup worth $5,009,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of ManpowerGroup during the second quarter worth about $265,921,000. AQR Capital Management LLC lifted its holdings in shares of 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 period. Quantinno Capital Management LP lifted its holdings in shares of 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 worth $52,850,000 after purchasing an additional 1,259,752 shares during the period. Alberta Investment Management Corp purchased a new position in ManpowerGroup in the 2nd quarter valued at $33,702,000. Finally, Balyasny Asset Management L.P. grew its position in ManpowerGroup by 696.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 991,063 shares of the business services provider's stock valued at $40,039,000 after buying an additional 866,693 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.
ManpowerGroup Price Performance
MAN stock opened at $62.18 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $2.89 billion, a P/E ratio of 28.27 and a beta of 0.67. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $62.96. The stock's 50 day moving average price is $48.65 and its 200 day moving average price is $36.17.
ManpowerGroup (NYSE:MAN - Get Free Report) last announced its earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.72 billion. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. During the same quarter in the previous year, the company posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, sell-side analysts expect that ManpowerGroup Inc. will post 3.62 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. BMO Capital Markets boosted their target price on ManpowerGroup from $49.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Weiss Ratings upgraded ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Wall Street Zen raised ManpowerGroup from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Barclays upped their price target on shares of ManpowerGroup from $30.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, July 20th. Finally, Robert W. Baird boosted their price objective on shares of ManpowerGroup from $45.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Three equities 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 currently has a consensus rating of "Hold" and an average price target of $53.50.
View Our Latest Report on ManpowerGroup
ManpowerGroup Profile
(
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.
Further Reading
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