Legal & General Group Plc Acquires New Position in ManpowerGroup Inc. $MAN

Key Points

• Legal & General Group acquired 152,143 ManpowerGroup shares worth approximately $5.14 million, representing about 0.33% of the company. Institutional investors collectively own 98.03% of MAN’s outstanding stock.
• ManpowerGroup beat quarterly expectations with $0.99 EPS versus the $0.96 consensus and revenue of $4.86 billion versus $4.72 billion expected. Shares opened at $61.32, near the company’s 12-month high of $63.88.
• Analyst sentiment remains mixed: three analysts rate the stock a Buy and six rate it Hold, producing a consensus Hold rating and an average price target of $53.50.

Legal & General Group Plc acquired a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 152,143 shares of the business services provider's stock, valued at approximately $5,138,000. Legal & General Group Plc owned approximately 0.33% of ManpowerGroup at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAN. Y Intercept Hong Kong Ltd grew its holdings in ManpowerGroup by 910.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 128,816 shares of the business services provider's stock worth $3,795,000 after acquiring an additional 116,071 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in ManpowerGroup by 52.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 77,557 shares of the business services provider's stock valued at $2,306,000 after acquiring an additional 26,536 shares during the period. Renaissance Technologies LLC acquired a new stake in ManpowerGroup in the first quarter valued at $1,180,000. Assenagon Asset Management S.A. purchased a new stake in shares of ManpowerGroup during the 2nd quarter worth $4,323,000. Finally, Hsbc Holdings PLC grew its stake in shares of ManpowerGroup by 53.3% during the 1st quarter. Hsbc Holdings PLC now owns 55,257 shares of the business services provider's stock worth $1,632,000 after purchasing an additional 19,205 shares during the period. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Stock Up 1.7%

Shares of NYSE MAN opened at $61.32 on Friday. The firm's 50-day moving average is $51.54 and its two-hundred day moving average is $37.24. The company has a market capitalization of $2.85 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 2.38 and a beta of 0.70. ManpowerGroup Inc. has a 12-month low of $25.15 and a 12-month high of $63.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MAN. The Goldman Sachs Group raised their price objective on shares of ManpowerGroup from $36.00 to $57.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. Robert W. Baird upped their target price on shares of ManpowerGroup from $45.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Truist Financial lifted their price target on shares of ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, July 17th. BMO Capital Markets boosted their price target on ManpowerGroup from $49.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded ManpowerGroup from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $53.50.

ManpowerGroup Company Profile

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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