Jane Street Group LLC Sells 164,691 Shares of ManpowerGroup Inc. $MAN

Key Points

• Jane Street Group LLC has reduced its ownership in ManpowerGroup Inc. by 44.8%, selling 164,691 shares and holding approximately 202,697 shares worth $11.73 million after the sale.
• ManpowerGroup reported $0.78 earnings per share, surpassing analysts' expectations of $0.69, while also experiencing a 0.5% decrease in revenue compared to the previous year.
• Wall Street analysts have a consensus rating of "Hold" for ManpowerGroup, with a consensus target price of $48.20, and UBS Group recently increased their price objective from $42.00 to $45.00.

Jane Street Group LLC reduced its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 44.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,697 shares of the business services provider's stock after selling 164,691 shares during the quarter. Jane Street Group LLC owned 0.44% of ManpowerGroup worth $11,732,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC purchased a new stake in ManpowerGroup during the first quarter worth approximately $253,000. GAMMA Investing LLC grew its stake in ManpowerGroup by 190.6% during the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock worth $43,000 after buying an additional 488 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of ManpowerGroup in the first quarter valued at $887,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of ManpowerGroup in the first quarter valued at $433,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of ManpowerGroup by 79.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 53,703 shares of the business services provider's stock valued at $3,150,000 after purchasing an additional 23,795 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Trading Down 1.9%

Shares of NYSE:MAN traded down $0.71 during midday trading on Friday, hitting $37.36. 9,101,606 shares of the stock were exchanged, compared to its average volume of 809,930. The business's 50-day moving average price is $41.26 and its 200 day moving average price is $44.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -98.31 and a beta of 1.08. ManpowerGroup Inc. has a 12 month low of $36.96 and a 12 month high of $75.39.

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

Analysts Set New Price Targets

MAN has been the topic of a number of research analyst reports. UBS Group increased their price objective 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. Wall Street Zen upgraded shares of ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $48.20.

About ManpowerGroup

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.