Kovitz Investment Group Partners LLC Lowers Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Kovitz Investment Group Partners LLC lowered its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 84.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,370 shares of the business services provider's stock after selling 102,333 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in ManpowerGroup were worth $1,118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in ManpowerGroup in the 4th quarter worth approximately $34,200,000. Norges Bank purchased a new position in shares of ManpowerGroup during the 4th quarter valued at $27,706,000. Barclays PLC boosted its holdings in ManpowerGroup by 194.3% in the 4th quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock worth $26,308,000 after buying an additional 300,917 shares during the period. Prudential Financial Inc. increased its stake in ManpowerGroup by 111.7% in the 4th quarter. Prudential Financial Inc. now owns 364,515 shares of the business services provider's stock worth $21,040,000 after buying an additional 192,345 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock valued at $43,189,000 after acquiring an additional 191,901 shares during the period. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Trading Up 3.5 %

Shares of NYSE:MAN traded up $1.50 during trading on Friday, hitting $44.22. The company had a trading volume of 1,051,492 shares, compared to its average volume of 634,595. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 14.79 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The company has a fifty day simple moving average of $53.02 and a two-hundred day simple moving average of $57.67. ManpowerGroup Inc. has a one year low of $39.22 and a one year high of $78.87.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MAN shares. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Truist Financial decreased their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. BMO Capital Markets reduced their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, UBS Group dropped their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Five research 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 a consensus rating of "Hold" and a consensus target price of $57.50.

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.