Corient Private Wealth LP Buys 58,248 Shares of ManpowerGroup Inc. $MAN

Key Points

• Corient Private Wealth increased its ManpowerGroup stake by 22.9% in the second quarter, purchasing 58,248 additional shares and bringing its holdings to 312,609 shares valued at approximately $10.6 million.
• ManpowerGroup reported quarterly EPS of $0.99, exceeding the $0.96 consensus estimate, while revenue reached $4.86 billion versus expectations of $4.72 billion. The company issued third-quarter EPS guidance of $0.96–$1.06.
• Despite several analysts raising their price targets, the stock carries a consensus “Hold” rating with an average target of $53.50; shares recently opened at $57.90.

Corient Private Wealth LP grew its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 22.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,609 shares of the business services provider's stock after buying an additional 58,248 shares during the period. Corient Private Wealth LP owned 0.67% of ManpowerGroup worth $10,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of ManpowerGroup in the 2nd quarter worth approximately $30,000. Elevation Wealth Partners LLC increased its position in shares of 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. Hantz Financial Services Inc. raised its stake in ManpowerGroup by 320.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,376 shares of the business services provider's stock worth $41,000 after buying an additional 1,049 shares during the last quarter. Leonteq Securities AG bought a new position in ManpowerGroup during the fourth quarter worth $46,000. Finally, SJS Investment Consulting Inc. bought a new stake in ManpowerGroup during the first quarter valued at $57,000. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Down 0.9%

Shares of NYSE:MAN opened at $57.90 on Thursday. The business's 50 day moving average is $55.32 and its 200 day moving average is $39.18. ManpowerGroup Inc. has a 12-month low of $25.15 and a 12-month high of $63.88. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 2.31 and a beta of 0.70. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27.

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 the consensus estimate of $0.96 by $0.03. The business had revenue of $4.86 billion for the quarter, compared to analysts' expectations 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 earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, sell-side analysts forecast that ManpowerGroup Inc. will post 3.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAN has been the subject of several research analyst reports. Barclays lifted their price objective on ManpowerGroup from $30.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, July 20th. Truist Financial raised their target price on ManpowerGroup from $34.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. The Goldman Sachs Group boosted their price target on ManpowerGroup from $36.00 to $57.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. Robert W. Baird raised their price target on shares of ManpowerGroup from $45.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of ManpowerGroup from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $53.50.

ManpowerGroup Profile

ManpowerGroup Inc is a global workforce solutions and staffing company that connects organizations with skilled talent and helps individuals build careers. The company provides temporary and permanent recruitment, workforce management, talent development, career transition and outplacement services.

Its principal brands include Manpower, which focuses on staffing and workforce solutions; Experis, which specializes in information technology and professional talent; and Talent Solutions, which provides recruitment process outsourcing, talent consulting and workforce management services.

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