Empowered Funds LLC Invests $1.26 Million in ManpowerGroup Inc. $MAN

Key Points

• Empowered Funds LLC acquired 37,240 ManpowerGroup shares worth approximately $1.26 million during the second quarter, giving it about a 0.08% stake. Institutional investors collectively own 98.03% of the company.
• ManpowerGroup exceeded quarterly expectations, reporting $0.99 EPS and $4.86 billion in revenue, ahead of estimates of $0.96 EPS and $4.72 billion in revenue. The company issued third-quarter EPS guidance of $0.96–$1.06.
• The stock opened at $61.92, near its one-year high of $63.88, while analysts maintain a consensus “Hold” rating with an average price target of $53.50.

Empowered Funds LLC acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,240 shares of the business services provider's stock, valued at approximately $1,258,000. Empowered Funds LLC owned approximately 0.08% of ManpowerGroup as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP acquired a new position in ManpowerGroup during the 3rd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of ManpowerGroup during the third quarter worth $30,000. Global Retirement Partners LLC acquired a new stake in shares of ManpowerGroup during the second quarter worth $30,000. Fifth Third Bancorp grew its holdings in shares of ManpowerGroup by 637.7% during the fourth quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider's stock valued at $33,000 after buying an additional 963 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its position 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 during the period. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Stock Performance

Shares of ManpowerGroup stock opened at $61.92 on Friday. ManpowerGroup Inc. has a one year low of $25.15 and a one year high of $63.88. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.43 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04. The business's 50 day moving average price is $52.05 and its 200 day moving average price is $37.41.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same period last year, the company earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, research analysts predict that ManpowerGroup Inc. will post 3.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird boosted their price target on ManpowerGroup from $45.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Barclays raised their price target on shares of ManpowerGroup from $30.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, July 20th. Wall Street Zen downgraded shares of ManpowerGroup from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group boosted their target price on shares of ManpowerGroup from $41.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. Finally, Weiss Ratings raised shares of ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, ManpowerGroup presently has a consensus rating of "Hold" and an average price target of $53.50.

About ManpowerGroup

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.