Natixis Advisors LLC Has $11.01 Million Stake in ManpowerGroup Inc. (NYSE:MAN)

Key Points

• Natixis Advisors LLC increased its stake in ManpowerGroup Inc. by 69.1% during the first quarter, owning approximately 0.41% of the company valued at $11 million.
• ManpowerGroup shares fell 1.6% to $38.63 with a market capitalization of $1.79 billion, after trading below its 12-month high of $75.57.
• Analyst ratings for ManpowerGroup show a consensus of "Hold" with a price target of $48.20, reflecting recent adjustments in price objectives from several financial institutions.

Natixis Advisors LLC lifted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 69.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,147 shares of the business services provider's stock after purchasing an additional 77,712 shares during the quarter. Natixis Advisors LLC owned about 0.41% of ManpowerGroup worth $11,005,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MAN. Colonial Trust Co SC acquired a new stake in shares of ManpowerGroup during the fourth quarter worth $28,000. Fifth Third Bancorp boosted its holdings in ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock valued at $43,000 after acquiring an additional 243 shares during the last quarter. GAMMA Investing LLC boosted its holdings in ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock valued at $43,000 after acquiring an additional 488 shares during the last quarter. UMB Bank n.a. boosted its holdings in ManpowerGroup by 131.7% in the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider's stock valued at $52,000 after acquiring an additional 511 shares during the last quarter. Finally, WFA Asset Management Corp boosted its holdings in ManpowerGroup by 129.3% in the first quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider's stock valued at $80,000 after acquiring an additional 776 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on MAN. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Wall Street Zen upgraded ManpowerGroup from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. BMO Capital Markets cut their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. UBS Group upped their target price on ManpowerGroup from $42.00 to $45.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Truist Financial cut their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, ManpowerGroup has an average rating of "Hold" and a consensus target price of $48.20.

ManpowerGroup Price Performance

Shares of MAN traded up $1.15 during trading hours on Thursday, hitting $39.55. 430,732 shares of the company were exchanged, compared to its average volume of 920,288. The company has a market capitalization of $1.83 billion, a PE ratio of -103.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 1.12. The firm has a fifty day simple moving average of $41.97 and a 200-day simple moving average of $48.73. ManpowerGroup Inc. has a one year low of $37.97 and a one year high of $75.57.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. The business had revenue of $4.52 billion during 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 company's revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $1.30 EPS. As a group, sell-side analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

ManpowerGroup Company Profile

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.