Connor Clark & Lunn Investment Management Ltd. Makes New $16.01 Million Investment in ManpowerGroup Inc. $MAN

Key Points

• Connor Clark & Lunn Investment Management acquired 474,059 ManpowerGroup shares worth approximately $16.01 million, giving it a 1.02% stake. Institutional investors and hedge funds collectively own 98.03% of the company.
• Analyst sentiment remains mixed: three analysts rate ManpowerGroup a Buy and six rate it a Hold, resulting in a consensus “Hold” rating and a $53.50 target price. Several firms recently raised their price targets.
• ManpowerGroup reported quarterly EPS of $0.99, exceeding estimates of $0.96, while revenue reached $4.86 billion versus expectations of $4.72 billion. Shares opened at $62.16, near their 52-week high of $62.96.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 474,059 shares of the business services provider's stock, valued at approximately $16,009,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.02% of ManpowerGroup at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Treasurer of the State of North Carolina increased its holdings in ManpowerGroup by 1.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider's stock worth $869,000 after purchasing an additional 296 shares during the period. Cetera Investment Advisers grew its position in shares of ManpowerGroup by 3.6% during the second quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider's stock worth $408,000 after buying an additional 348 shares in the last quarter. Quarry LP grew its position in shares of ManpowerGroup by 55.3% during the fourth quarter. Quarry LP now owns 1,034 shares of the business services provider's stock worth $31,000 after buying an additional 368 shares in the last quarter. Empowered Funds LLC grew its position in shares of ManpowerGroup by 3.2% during the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider's stock worth $778,000 after buying an additional 414 shares in the last quarter. Finally, State of Wyoming increased its stake in shares of ManpowerGroup by 7.6% during the second quarter. State of Wyoming now owns 6,197 shares of the business services provider's stock worth $250,000 after buying an additional 440 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAN has been the topic of several analyst reports. Wall Street Zen raised shares of ManpowerGroup from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Robert W. Baird increased their price objective on shares of ManpowerGroup from $45.00 to $72.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. UBS Group increased their price objective on shares of ManpowerGroup from $41.00 to $55.00 and gave the company a "neutral" rating in a research report on Friday, July 17th. The Goldman Sachs Group lifted their price objective on shares of ManpowerGroup from $36.00 to $57.00 and gave the stock a "neutral" rating in a research report on Friday, July 17th. Finally, BMO Capital Markets lifted their price objective on shares of ManpowerGroup from $49.00 to $63.00 and gave the stock an "outperform" rating in a research 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 MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $53.50.

ManpowerGroup Price Performance

Shares of MAN opened at $62.16 on Wednesday. ManpowerGroup Inc. has a 1-year low of $25.15 and a 1-year high of $62.96. The stock has a market cap of $2.89 billion, a PE ratio of 28.25 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a fifty day moving average price of $47.53 and a 200 day moving average price of $35.82.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly 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 company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the previous year, the company posted ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, sell-side analysts anticipate that ManpowerGroup Inc. will post 3.62 EPS 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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