ManpowerGroup Inc. (NYSE:MAN) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its stake in ManpowerGroup Inc. (NYSE:MAN) by 41.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,847 shares of the business services provider’s stock after selling 7,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in ManpowerGroup were worth $783,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MAN. CWM LLC grew its stake in ManpowerGroup by 345.1% during the 3rd quarter. CWM LLC now owns 365 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 283 shares in the last quarter. Venturi Wealth Management LLC grew its stake in ManpowerGroup by 54.8% during the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 160 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in ManpowerGroup by 19.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 162 shares in the last quarter. Captrust Financial Advisors grew its stake in ManpowerGroup by 72.6% during the 1st quarter. Captrust Financial Advisors now owns 858 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 361 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in ManpowerGroup during the 3rd quarter valued at approximately $97,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

MAN has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. William Blair initiated coverage on ManpowerGroup in a research note on Monday, January 8th. They set a “market perform” rating for the company. BNP Paribas reaffirmed an “underperform” rating and set a $70.00 target price on shares of ManpowerGroup in a report on Friday, January 5th. StockNews.com downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets reduced their target price on ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.00.

ManpowerGroup Trading Down 0.8 %

NYSE:MAN opened at $70.54 on Tuesday. The company has a market cap of $3.41 billion, a PE ratio of 42.24, a P/E/G ratio of 0.60 and a beta of 1.54. ManpowerGroup Inc. has a 52 week low of $67.35 and a 52 week high of $88.91. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $73.38 and its two-hundred day moving average is $74.41.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Tuesday, January 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.26. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.57 billion. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $2.08 EPS. On average, analysts predict that ManpowerGroup Inc. will post 5.05 EPS for the current 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.