ManpowerGroup Inc. $MAN Stock Sold by Crescent Grove Advisors LLC

Key Points

• Crescent Grove Advisors LLC reduced its ManpowerGroup stake by 87.2% in the third quarter, selling 596,988 shares and retaining 87,975 shares worth approximately $4.89 million. Institutional investors collectively own 98.03% of the company.
• Analysts remain cautious, with ManpowerGroup receiving an overall “Hold” rating and an average price target of $51.25; recent target changes ranged from $48 to $65.
• ManpowerGroup reported quarterly EPS of $1.01, matching expectations, while revenue rose 4.4% year over year to $4.84 billion. The stock opened at $44.62, near its 200-day average of $43.56.

Crescent Grove Advisors LLC cut its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 87.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,975 shares of the business services provider's stock after selling 596,988 shares during the quarter. Crescent Grove Advisors LLC owned about 0.19% of ManpowerGroup worth $4,890,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MAN. Global Retirement Partners LLC acquired a new stake in shares of ManpowerGroup during the second quarter worth approximately $30,000. Elevation Wealth Partners LLC increased 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 valued at $38,000 after purchasing an additional 1,084 shares during the period. SJS Investment Consulting Inc. acquired a new position in ManpowerGroup during the 1st quarter worth $57,000. Allworth Financial LP bought a new stake in shares of ManpowerGroup during the 2nd quarter worth about $88,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of ManpowerGroup by 55.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,021 shares of the business services provider's stock valued at $89,000 after purchasing an additional 1,074 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

Wall Street Analyst Weigh In

MAN has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of ManpowerGroup from $57.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, October 15th. Robert W. Baird lowered their price objective on ManpowerGroup from $72.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, October 16th. Weiss Ratings raised ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. UBS Group cut their target price on shares of ManpowerGroup from $56.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, October 16th. Finally, Truist Financial upped their target price on ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, ManpowerGroup currently has an average rating of "Hold" and an average price target of $51.25.

ManpowerGroup Stock Up 3.8%

NYSE:MAN opened at $44.62 on Thursday. The stock's fifty day simple moving average is $56.24 and its 200-day simple moving average is $43.56. The firm has a market capitalization of $2.08 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.71 and a beta of 0.68. ManpowerGroup Inc. has a 12-month low of $25.15 and a 12-month high of $63.88. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.26.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.01. ManpowerGroup had a return on equity of 7.78% and a net margin of 0.64%. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. Equities research analysts expect that ManpowerGroup Inc. will post 3.60 earnings per share for the current year.

About ManpowerGroup

ManpowerGroup Inc is a global workforce solutions and employment services company headquartered in Milwaukee, Wisconsin. Through its brands, the company provides temporary and permanent staffing, recruitment, workforce management, talent development, and career transition services to businesses and job seekers.

Its principal brands include Manpower, which specializes in staffing and workforce services; Experis, which focuses on information technology and professional talent; and Talent Solutions, which provides recruitment process outsourcing, talent consulting, leadership development, and outplacement services.

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