ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Federated Hermes Inc.

Key Points

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Federated Hermes Inc. lowered its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,186 shares of the business services provider's stock after selling 9,683 shares during the period. Federated Hermes Inc. owned approximately 0.18% of ManpowerGroup worth $4,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of ManpowerGroup by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider's stock worth $143,942,000 after buying an additional 59,763 shares during the last quarter. AQR Capital Management LLC raised its position in shares of ManpowerGroup by 45.8% in the 4th quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider's stock worth $130,125,000 after acquiring an additional 711,043 shares in the last quarter. Invesco Ltd. lifted its stake in shares of ManpowerGroup by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider's stock worth $110,623,000 after buying an additional 77,234 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in ManpowerGroup by 73.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,027,000 shares of the business services provider's stock worth $59,443,000 after acquiring an additional 434,480 shares during the period. Finally, Millennium Management LLC increased its position in shares of ManpowerGroup by 137.0% in the fourth quarter. Millennium Management LLC now owns 811,595 shares of the business services provider's stock valued at $46,845,000 after buying an additional 469,184 shares in the last quarter. 98.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MAN. JPMorgan Chase & Co. reduced their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their target price for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. UBS Group upped their target price on shares of ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. BMO Capital Markets reduced their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Finally, Truist Financial decreased their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $48.20.

ManpowerGroup Price Performance

Shares of MAN traded up $1.12 during mid-day trading on Thursday, reaching $39.52. The company had a trading volume of 430,732 shares, compared to its average volume of 920,288. The company has a market capitalization of $1.83 billion, a P/E ratio of -103.90 and a beta of 1.08. The company's 50-day moving average is $41.97 and its 200-day moving average is $48.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 1.12. ManpowerGroup Inc. has a twelve month low of $37.97 and a twelve month high of $75.57.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.34 billion. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.98%. The company's revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. On average, equities analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current year.

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.