Bank of New York Mellon Corp Takes $9.47 Million Position in ManpowerGroup Inc. $MAN

Key Points

• Bank of New York Mellon initiated a 280,404-share position in ManpowerGroup valued at approximately $9.47 million, representing 0.60% of the company. Institutional investors collectively own 98.03% of MAN.
• Analysts raised their price targets substantially, with targets ranging from $47 to $72. Despite three Buy ratings, six analysts rate the stock Hold, producing a consensus rating of Hold and an average target of $53.50.
• ManpowerGroup reported quarterly EPS of $0.99, exceeding estimates of $0.96, while revenue reached $4.86 billion versus the $4.72 billion consensus. Shares opened at $60.22, near their 52-week high of $63.88.

Bank of New York Mellon Corp bought a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 280,404 shares of the business services provider's stock, valued at approximately $9,469,000. Bank of New York Mellon Corp owned 0.60% of ManpowerGroup as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in 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 buying an additional 1,393,622 shares during the period. Schroder Investment Management Group raised its stake in shares of ManpowerGroup by 24.6% in the fourth quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider's stock valued at $66,817,000 after acquiring an additional 443,790 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of ManpowerGroup by 235.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider's stock worth $52,850,000 after acquiring an additional 1,259,752 shares during the last quarter. State Street Corp lifted its holdings in shares of ManpowerGroup by 2.0% in the 4th quarter. State Street Corp now owns 1,616,447 shares of the business services provider's stock worth $48,057,000 after acquiring an additional 31,749 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of ManpowerGroup by 77.3% in the 4th quarter. Millennium Management LLC now owns 1,525,936 shares of the business services provider's stock worth $45,366,000 after acquiring an additional 665,135 shares during the last quarter. Institutional investors own 98.03% of the company's stock.

Analyst Ratings Changes

MAN has been the topic of several analyst reports. Truist Financial upped their price target on shares of ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a report on Friday, July 17th. Wall Street Zen raised shares of ManpowerGroup from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Barclays boosted their target price on ManpowerGroup from $30.00 to $47.00 and gave the company an "equal weight" rating in a research report on Monday, July 20th. Robert W. Baird upped their target price on ManpowerGroup from $45.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group increased their price target on ManpowerGroup from $36.00 to $57.00 and gave the stock a "neutral" rating in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, ManpowerGroup has an average rating of "Hold" and a consensus price target of $53.50.

ManpowerGroup Stock Down 1.6%

Shares of NYSE MAN opened at $60.22 on Thursday. ManpowerGroup Inc. has a 52-week low of $25.15 and a 52-week high of $63.88. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.42 and a beta of 0.70. The stock has a 50 day moving average price of $50.99 and a 200 day moving average price of $37.01. 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 (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.72 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.During the same period last year, the business posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Sell-side analysts expect that ManpowerGroup Inc. will post 3.62 earnings per share for the current year.

ManpowerGroup 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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