BlackRock Inc. bought a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,874,476 shares of the business services provider's stock, valued at approximately $265,921,000. BlackRock Inc. owned approximately 16.93% of ManpowerGroup as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of MAN. Quarry LP bought a new stake in ManpowerGroup in the third quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in shares of ManpowerGroup in the second quarter worth about $30,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of ManpowerGroup during the 3rd quarter worth about $30,000. Fifth Third Bancorp increased its holdings in shares of ManpowerGroup by 637.7% during the 4th quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider's stock valued at $33,000 after acquiring an additional 963 shares during the last quarter. Finally, Elevation Wealth Partners LLC raised its stake in shares of 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 acquiring an additional 1,084 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.
ManpowerGroup Stock Performance
MAN opened at $61.75 on Thursday. The stock has a market cap of $2.87 billion, a PE ratio of 28.07 and a beta of 0.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $62.96. The stock's 50 day simple moving average is $48.08 and its 200-day simple moving average is $35.99.
ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results 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. 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 analysts' expectations of $4.72 billion. During the same period last year, the business earned ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Sell-side analysts forecast that ManpowerGroup Inc. will post 3.62 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MAN. The Goldman Sachs Group upped their target price on ManpowerGroup from $36.00 to $57.00 and gave the stock a "neutral" rating in a research report on Friday, July 17th. Weiss Ratings raised shares of ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. BMO Capital Markets boosted their price objective on shares of ManpowerGroup from $49.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, July 17th. Barclays upped their price objective on shares of ManpowerGroup from $30.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, July 20th. Finally, Truist Financial raised their target price on shares of ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a research note 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $53.50.
Read Our Latest Report on MAN
ManpowerGroup Company 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.
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