Hsbc Holdings PLC Sells 22,398 Shares of ManpowerGroup Inc. $MAN

Key Points

• HSBC Holdings reduced its ManpowerGroup stake by 40.5%, selling 22,398 shares and retaining 32,859 shares valued at approximately $1.1 million. Institutional investors collectively own 98.03% of the company.
• Analyst sentiment is mixed but generally cautious: ManpowerGroup has a consensus “Hold” rating and a consensus price target of $53.50, despite several analysts raising their targets and issuing “Outperform” ratings.
• ManpowerGroup exceeded quarterly expectations, reporting $0.99 in EPS versus a $0.96 estimate and $4.86 billion in revenue versus $4.72 billion expected. Shares opened at $56.41, within a 52-week range of $25.15 to $63.88.

Hsbc Holdings PLC lowered its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 40.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,859 shares of the business services provider's stock after selling 22,398 shares during the quarter. Hsbc Holdings PLC owned 0.07% of ManpowerGroup worth $1,103,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MAN. BlackRock Inc. acquired a new position in shares of ManpowerGroup in the 2nd quarter valued at $265,921,000. AQR Capital Management LLC lifted its holdings in ManpowerGroup by 60.3% during the third quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider's stock worth $140,394,000 after acquiring an additional 1,393,622 shares in the last quarter. Schroder Investment Management Group grew its stake in ManpowerGroup by 24.6% in the fourth quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider's stock valued at $66,817,000 after acquiring an additional 443,790 shares during the period. Quantinno Capital Management LP grew its stake in ManpowerGroup by 235.8% in the first quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider's stock valued at $52,850,000 after acquiring an additional 1,259,752 shares during the period. Finally, State Street Corp increased its holdings in shares of ManpowerGroup by 2.0% in the fourth quarter. State Street Corp now owns 1,616,447 shares of the business services provider's stock worth $48,057,000 after acquiring an additional 31,749 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial lifted their price objective on ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a report on Friday, July 17th. Barclays raised their target price on shares of ManpowerGroup from $30.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, July 20th. BMO Capital Markets upped their price target on shares of ManpowerGroup from $49.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Robert W. Baird upped their price target on shares of ManpowerGroup from $45.00 to $72.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Finally, Weiss Ratings raised shares of ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, ManpowerGroup has a consensus rating of "Hold" and a consensus target price of $53.50.

ManpowerGroup Stock Performance

Shares of NYSE MAN opened at $56.41 on Friday. 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 stock has a 50 day moving average price of $54.15 and a 200 day moving average price of $38.42. The stock has a market capitalization of $2.62 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 2.23 and a beta of 0.70. ManpowerGroup Inc. has a 52 week low of $25.15 and a 52 week high of $63.88.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings results 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. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the previous year, the firm earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Analysts predict that ManpowerGroup Inc. will post 3.62 earnings per share for the current fiscal year.

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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