Bank of America Corp DE increased its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 31.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375,714 shares of the business services provider's stock after acquiring an additional 90,121 shares during the quarter. Bank of America Corp DE owned approximately 0.81% of ManpowerGroup worth $11,069,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Y Intercept Hong Kong Ltd boosted its position in shares of ManpowerGroup by 910.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 128,816 shares of the business services provider's stock worth $3,795,000 after purchasing an additional 116,071 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of 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 worth $2,306,000 after acquiring an additional 26,536 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of ManpowerGroup during the 1st quarter worth $1,180,000. Hsbc Holdings PLC boosted its holdings in ManpowerGroup by 53.3% in the first quarter. Hsbc Holdings PLC now owns 55,257 shares of the business services provider's stock valued at $1,632,000 after acquiring an additional 19,205 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in ManpowerGroup by 291.3% in the 1st quarter. First Trust Advisors LP now owns 112,648 shares of the business services provider's stock valued at $3,319,000 after purchasing an additional 83,858 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of ManpowerGroup from $41.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, July 17th. Truist Financial upped 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. BMO Capital Markets increased their price target on ManpowerGroup from $49.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Robert W. Baird upped their price target on ManpowerGroup from $45.00 to $72.00 and gave the company an "outperform" rating in a research 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 note on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $53.50.
Read Our Latest Report on ManpowerGroup
ManpowerGroup Stock Performance
Shares of NYSE:MAN opened at $61.55 on Friday. The business has a 50-day moving average price of $46.41 and a two-hundred day moving average price of $35.46. ManpowerGroup Inc. has a 1-year low of $25.15 and a 1-year high of $62.45. The stock has a market capitalization of $2.86 billion, a P/E ratio of 27.98 and a beta of 0.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27.
ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. The business had revenue of $4.86 billion during the quarter, compared to analysts' expectations of $4.72 billion. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. During the same quarter in the prior year, the company earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Equities analysts predict that ManpowerGroup Inc. will post 3.62 earnings per share for the current year.
ManpowerGroup Company Profile
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Free Report)
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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