Wellington Management Group LLP Makes New Investment in ManpowerGroup Inc. $MAN

Key Points

• Wellington Management acquired 761,295 ManpowerGroup shares worth approximately $25.7 million, representing a 1.64% stake. Institutional investors collectively own 98.03% of the company.
• ManpowerGroup exceeded quarterly expectations, reporting $0.99 earnings per share versus the $0.96 consensus estimate and $4.86 billion in revenue against $4.72 billion expected. Management issued third-quarter EPS guidance of $0.96–$1.06.
• Analysts raised their price targets following the results, ranging from $50 to $72, but the overall consensus remains a “Hold” rating with a $53.50 target price.

Wellington Management Group LLP bought a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 761,295 shares of the business services provider's stock, valued at approximately $25,709,000. Wellington Management Group LLP owned approximately 1.64% of ManpowerGroup as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of ManpowerGroup in the second quarter valued at approximately $265,921,000. AQR Capital Management LLC lifted its stake in ManpowerGroup by 60.3% in the 3rd quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider's stock worth $140,394,000 after purchasing an additional 1,393,622 shares in the last quarter. Schroder Investment Management Group lifted its stake in ManpowerGroup by 24.6% in the 4th quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider's stock worth $66,817,000 after purchasing an additional 443,790 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in ManpowerGroup by 235.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider's stock valued at $52,850,000 after purchasing an additional 1,259,752 shares during the period. Finally, State Street Corp boosted its holdings in ManpowerGroup by 2.0% in the 4th quarter. State Street Corp now owns 1,616,447 shares of the business services provider's stock valued at $48,057,000 after purchasing an additional 31,749 shares during the period. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Performance

NYSE MAN opened at $61.92 on Friday. ManpowerGroup Inc. has a 52-week low of $25.15 and a 52-week high of $63.88. The company has a fifty day moving average of $52.05 and a 200-day moving average of $37.41. The company has a market capitalization of $2.88 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.45 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.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results 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. 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 analysts' expectations of $4.72 billion. During the same quarter in the prior year, the firm earned ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, equities research analysts predict that ManpowerGroup Inc. will post 3.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MAN. BMO Capital Markets upped their price target on shares of ManpowerGroup from $49.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. The Goldman Sachs Group boosted their target price on ManpowerGroup from $36.00 to $57.00 and gave the stock a "neutral" rating in a research report on Friday, July 17th. Truist Financial raised their price target on ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a report on Friday, July 17th. UBS Group lifted their price target on ManpowerGroup from $41.00 to $55.00 and gave the company a "neutral" rating in a research report on Friday, July 17th. Finally, Robert W. Baird boosted their price objective on ManpowerGroup from $45.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $53.50.

ManpowerGroup Profile

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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