Victory Capital Management Inc. increased its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,759,889 shares of the business services provider's stock after acquiring an additional 137,668 shares during the period. Victory Capital Management Inc. owned about 7.70% of ManpowerGroup worth $298,798,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new stake in shares of ManpowerGroup in the 3rd quarter worth about $94,417,000. Invesco Ltd. boosted its position in ManpowerGroup by 22.5% during the 3rd quarter. Invesco Ltd. now owns 1,283,262 shares of the business services provider's stock valued at $94,089,000 after acquiring an additional 235,578 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of ManpowerGroup by 9.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,079,177 shares of the business services provider's stock worth $79,125,000 after acquiring an additional 92,090 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of ManpowerGroup by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 556,715 shares of the business services provider's stock valued at $40,818,000 after purchasing an additional 5,099 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of ManpowerGroup by 2.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 261,347 shares of the business services provider's stock valued at $19,162,000 after purchasing an additional 6,769 shares in the last quarter. Institutional investors own 98.03% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of ManpowerGroup from $82.00 to $84.00 and gave the company a "neutral" rating in a research report on Friday, April 19th. Truist Financial boosted their target price on ManpowerGroup from $75.00 to $78.00 and gave the stock a "hold" rating in a report on Wednesday, January 31st. BNP Paribas reaffirmed an "underperform" rating and issued a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. William Blair assumed coverage on shares of ManpowerGroup in a research note on Monday, January 8th. They set a "market perform" rating for the company. Finally, StockNews.com cut shares of ManpowerGroup from a "buy" rating to a "hold" rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, ManpowerGroup currently has an average rating of "Hold" and a consensus target price of $83.00.
Check Out Our Latest Research Report on MAN
ManpowerGroup Stock Performance
Shares of NYSE MAN traded down $0.27 during midday trading on Wednesday, hitting $75.19. 393,501 shares of the stock traded hands, compared to its average volume of 391,614. The firm has a market capitalization of $3.64 billion, a P/E ratio of 78.08, a PEG ratio of 1.60 and a beta of 1.54. ManpowerGroup Inc. has a one year low of $67.35 and a one year high of $88.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.17. The firm has a 50-day moving average of $73.99 and a two-hundred day moving average of $74.55.
ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.04. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the company posted $1.61 EPS. The business's quarterly revenue was down 7.3% compared to the same quarter last year. On average, equities analysts forecast that ManpowerGroup Inc. will post 4.99 EPS for the current fiscal year.
ManpowerGroup Company Profile
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Free Report)
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.
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