ManpowerGroup Inc. $MAN Shares Newly Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 321,417 ManpowerGroup shares worth approximately $10.85 million in the second quarter, representing about 0.69% of the company. Institutional investors collectively own 98.03% of MAN’s outstanding stock.
• ManpowerGroup reported quarterly earnings of $0.99 per share, exceeding analysts’ $0.96 estimate, while revenue reached $4.86 billion versus the $4.72 billion consensus forecast.
• Analyst sentiment remains mixed: MAN has an average “Hold” rating and a $53.50 consensus price target, despite several firms raising their targets and the stock trading around $57.43.

Bank of America Corp DE bought a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 321,417 shares of the business services provider's stock, valued at approximately $10,854,000. Bank of America Corp DE owned approximately 0.69% of ManpowerGroup at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAN. Global Retirement Partners LLC acquired a new stake in ManpowerGroup during the 2nd quarter worth approximately $30,000. Elevation Wealth Partners LLC grew its stake in shares of ManpowerGroup by 2,007.4% in the second quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider's stock worth $38,000 after acquiring an additional 1,084 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of ManpowerGroup by 320.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,376 shares of the business services provider's stock worth $41,000 after acquiring an additional 1,049 shares in the last quarter. SJS Investment Consulting Inc. purchased a new stake in shares of ManpowerGroup during the first quarter worth $57,000. Finally, Allworth Financial LP purchased a new stake in shares of ManpowerGroup during the second quarter worth $88,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Trading Up 0.7%

NYSE:MAN opened at $57.43 on Friday. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $63.88. The stock has a market cap of $2.67 billion, a P/E ratio of 26.11, a P/E/G ratio of 2.27 and a beta of 0.70. 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 simple moving average of $57.37 and a 200-day simple moving average of $40.53.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its 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 business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter last year, the company earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, analysts anticipate that ManpowerGroup Inc. will post 3.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MAN shares. UBS Group increased their price objective on ManpowerGroup from $41.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. BMO Capital Markets boosted their target price on ManpowerGroup from $49.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, July 17th. Barclays upped their price target on ManpowerGroup from $30.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, July 20th. Weiss Ratings raised ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Finally, Robert W. Baird lifted their price objective on ManpowerGroup from $45.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, ManpowerGroup presently has an average rating of "Hold" and a consensus target price of $53.50.

About ManpowerGroup

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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