Deutsche Bank AG Buys 124,893 Shares of ManpowerGroup Inc. $MAN

Key Points

• Deutsche Bank AG significantly increased its stake in ManpowerGroup by 523.6%, acquiring an additional 124,893 shares and owning approximately $8.6 million worth of the stock.
• Multiple analysts have recently adjusted their price targets for ManpowerGroup, with UBS raising it to $45.00 while BMO and Truist lowered theirs to $48.00.
• ManpowerGroup reported a quarterly EPS of $0.78, exceeding estimates, although revenue declined 0.5% year-over-year to $4.52 billion.

Deutsche Bank AG grew its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 523.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,744 shares of the business services provider's stock after purchasing an additional 124,893 shares during the period. Deutsche Bank AG owned about 0.32% of ManpowerGroup worth $8,609,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Colonial Trust Co SC bought a new stake in shares of ManpowerGroup in the fourth quarter worth $28,000. Fifth Third Bancorp grew its holdings in shares of ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after acquiring an additional 243 shares during the period. GAMMA Investing LLC grew its holdings in shares of ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock worth $43,000 after acquiring an additional 488 shares during the period. UMB Bank n.a. grew its holdings in shares of ManpowerGroup by 131.7% in the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider's stock worth $52,000 after acquiring an additional 511 shares during the period. Finally, WFA Asset Management Corp grew its holdings in shares of ManpowerGroup by 129.3% in the first quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider's stock worth $80,000 after acquiring an additional 776 shares during the period. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Price Performance

Shares of NYSE:MAN traded up $0.9350 during mid-day trading on Tuesday, reaching $42.1750. The stock had a trading volume of 461,133 shares, compared to its average volume of 912,270. ManpowerGroup Inc. has a 1 year low of $37.97 and a 1 year high of $75.57. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24. The business's 50 day moving average price is $41.92 and its 200 day moving average price is $47.46. The company has a market cap of $1.95 billion, a P/E ratio of -110.88 and a beta of 1.08.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%.The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The company's revenue for the quarter was down .5% on a year-over-year basis. ManpowerGroup has set its Q3 2025 guidance at 0.770-0.870 EPS. Research analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MAN shares. BMO Capital Markets cut their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. cut their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. UBS Group boosted their price target on ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen raised ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Truist Financial cut their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ManpowerGroup presently has an average rating of "Hold" and a consensus price target of $48.20.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.