Nuveen LLC Invests $6.39 Million in ManpowerGroup Inc. $MAN

Key Points

• Nuveen LLC has invested approximately $6.39 million in ManpowerGroup Inc., acquiring 110,456 shares, representing 0.24% of the company's stock.
• Several institutional investors, including AQR Capital Management and Invesco Ltd., have significantly increased their stakes in ManpowerGroup, which is now 98.03% owned by institutional investors and hedge funds.
• Analysts maintain a consensus "Hold" rating on ManpowerGroup, with an average price target of $48.20, reflecting expectations for the company amid a slight decline in revenue year-over-year.

Nuveen LLC bought a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 110,456 shares of the business services provider's stock, valued at approximately $6,393,000. Nuveen LLC owned approximately 0.24% of ManpowerGroup as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Invesco Ltd. raised its holdings in ManpowerGroup by 36.1% during the first quarter. Invesco Ltd. now owns 2,608,221 shares of the business services provider's stock worth $150,964,000 after acquiring an additional 691,678 shares in the last quarter. AQR Capital Management LLC raised its holdings in ManpowerGroup by 45.8% during the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider's stock worth $130,125,000 after acquiring an additional 711,043 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in ManpowerGroup by 73.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,027,000 shares of the business services provider's stock worth $59,443,000 after acquiring an additional 434,480 shares in the last quarter. Millennium Management LLC raised its holdings in ManpowerGroup by 137.0% during the fourth quarter. Millennium Management LLC now owns 811,595 shares of the business services provider's stock worth $46,845,000 after acquiring an additional 469,184 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in ManpowerGroup by 37.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 754,320 shares of the business services provider's stock worth $43,539,000 after acquiring an additional 204,622 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. UBS Group upped their target price on ManpowerGroup from $42.00 to $45.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wall Street Zen upgraded ManpowerGroup from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $48.20.

ManpowerGroup Stock Performance

Shares of MAN traded up $1.05 during mid-day trading on Friday, reaching $42.36. The company's stock had a trading volume of 651,243 shares, compared to its average volume of 788,822. ManpowerGroup Inc. has a 1-year low of $37.97 and a 1-year high of $75.57. The stock has a market cap of $1.96 billion, a P/E ratio of -111.47 and a beta of 1.08. The business has a 50-day simple moving average of $42.19 and a two-hundred day simple moving average of $46.60. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.09. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%.The company had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same period last year, the firm posted $1.30 earnings per share. The business's revenue was down .5% on a year-over-year basis. ManpowerGroup has set its Q3 2025 guidance at 0.770-0.870 EPS. As a group, equities research analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup 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.