Mutual of America Capital Management LLC Decreases Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Mutual of America Capital Management LLC cut its position in ManpowerGroup Inc. (NYSE:MAN) by 6.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,215 shares of the business services provider’s stock after selling 2,059 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ManpowerGroup were worth $2,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC boosted 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 acquiring an additional 160 shares during the last quarter. Exchange Traded Concepts LLC boosted 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 acquiring an additional 162 shares during the last quarter. Raymond James & Associates boosted its stake in ManpowerGroup by 5.2% during the 4th quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock valued at $280,000 after acquiring an additional 173 shares during the last quarter. Covestor Ltd boosted its stake in ManpowerGroup by 8.0% during the 3rd quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 190 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in ManpowerGroup by 9.1% during the 1st quarter. Belpointe Asset Management LLC now owns 2,295 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 192 shares during the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on MAN. StockNews.com downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. BNP Paribas restated an “underperform” rating and issued a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. William Blair initiated coverage on shares of ManpowerGroup in a research report on Monday, January 8th. They issued a “market perform” rating on the stock. UBS Group reduced their price target on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $83.13.

ManpowerGroup Trading Up 1.1 %

Shares of NYSE:MAN opened at $74.84 on Friday. The company has a market cap of $3.62 billion, a PE ratio of 44.81, a P/E/G ratio of 0.60 and a beta of 1.54. The company’s 50-day moving average price is $73.32 and its 200 day moving average price is $74.37. ManpowerGroup Inc. has a fifty-two week low of $67.35 and a fifty-two 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.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. ManpowerGroup’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.61 EPS. Sell-side analysts anticipate that ManpowerGroup Inc. will post 5.01 earnings per share for the current year.

About ManpowerGroup

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.