Hsbc Holdings PLC Has $9.80 Million Stake in ManpowerGroup Inc. (NYSE:MAN)

Hsbc Holdings PLC raised its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 222.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,046 shares of the business services provider's stock after purchasing an additional 117,965 shares during the quarter. Hsbc Holdings PLC owned approximately 0.36% of ManpowerGroup worth $9,800,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MAN. Barclays PLC grew its stake in ManpowerGroup by 62.9% in the third quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock valued at $11,387,000 after purchasing an additional 59,821 shares in the last quarter. Virtu Financial LLC bought a new position in ManpowerGroup in the third quarter valued at approximately $664,000. Wilmington Savings Fund Society FSB bought a new position in ManpowerGroup in the third quarter valued at approximately $207,000. Synovus Financial Corp grew its stake in ManpowerGroup by 7.8% in the third quarter. Synovus Financial Corp now owns 7,922 shares of the business services provider's stock valued at $582,000 after purchasing an additional 570 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in ManpowerGroup by 2.9% in the third quarter. Franklin Resources Inc. now owns 186,295 shares of the business services provider's stock valued at $13,464,000 after purchasing an additional 5,207 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Performance

Shares of MAN stock traded down $0.34 on Thursday, hitting $42.73. The company's stock had a trading volume of 1,245,966 shares, compared to its average volume of 630,290. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The stock's 50 day moving average is $53.46 and its 200-day moving average is $58.06. ManpowerGroup Inc. has a fifty-two week low of $39.22 and a fifty-two week high of $78.87. The company has a market capitalization of $2.00 billion, a PE ratio of 14.29 and a beta of 1.28.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The business had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the company posted $0.94 earnings per share. Equities research analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MAN shares. UBS Group cut their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. BMO Capital Markets cut their price objective 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. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. 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. Finally, Truist Financial cut their price objective on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, ManpowerGroup currently has an average rating of "Hold" and an average target price of $57.50.

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.