Hsbc Holdings PLC Invests $1.10 Million in ManpowerGroup Inc. $MAN

Key Points

• Hsbc Holdings PLC acquired 32,859 ManpowerGroup shares worth approximately $1.10 million in the second quarter, giving it a 0.07% stake. Institutional investors collectively own 98.03% of the company.
• Analyst sentiment remains mixed but has improved: the consensus rating is “Hold” with a $53.50 price target, while several analysts recently raised their targets and one upgraded the stock to “Buy.”
• ManpowerGroup reported quarterly EPS of $0.99, exceeding the $0.96 estimate, and revenue of $4.86 billion versus the $4.72 billion consensus. The stock opened at $62.90, near its 52-week high of $63.88.

Hsbc Holdings PLC acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,859 shares of the business services provider's stock, valued at approximately $1,103,000. Hsbc Holdings PLC owned approximately 0.07% of ManpowerGroup at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Treasurer of the State of North Carolina raised its position in ManpowerGroup by 1.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider's stock valued at $869,000 after purchasing an additional 296 shares during the last quarter. Cetera Investment Advisers boosted its stake in ManpowerGroup by 3.6% in the second quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider's stock worth $408,000 after purchasing an additional 348 shares in the last quarter. Quarry LP boosted its stake in ManpowerGroup by 55.3% in the fourth quarter. Quarry LP now owns 1,034 shares of the business services provider's stock worth $31,000 after purchasing an additional 368 shares in the last quarter. Empowered Funds LLC grew its holdings 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 purchasing an additional 414 shares during the last quarter. Finally, State of Wyoming grew its holdings 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 purchasing an additional 440 shares during the last quarter. 98.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MAN shares. UBS Group boosted their price objective on shares of ManpowerGroup from $41.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday, July 17th. BMO Capital Markets increased their price objective on ManpowerGroup from $49.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Truist Financial lifted their target price on ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, July 17th. Wall Street Zen upgraded ManpowerGroup from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $53.50.

ManpowerGroup Price Performance

ManpowerGroup stock opened at $62.90 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.93 billion, a P/E ratio of 28.59 and a beta of 0.67. The business has a 50-day moving average of $49.86 and a 200-day moving average of $36.58. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $63.88.

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

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.

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