Mirae Asset Global Investments Co. Ltd. Makes New $968,000 Investment in ManpowerGroup Inc. (NYSE:MAN)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in ManpowerGroup Inc. (NYSE:MAN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,177 shares of the business services provider’s stock, valued at approximately $968,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Camelot Portfolios LLC acquired a new position in ManpowerGroup during the fourth quarter worth about $236,000. Venturi Wealth Management LLC increased its stake in shares of ManpowerGroup by 54.8% during the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after purchasing an additional 160 shares in the last quarter. Uncommon Cents Investing LLC raised its position in shares of ManpowerGroup by 21.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 19,495 shares of the business services provider’s stock worth $1,549,000 after purchasing an additional 3,490 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of ManpowerGroup by 75.0% during the 4th quarter. Pacer Advisors Inc. now owns 7,334 shares of the business services provider’s stock worth $583,000 after purchasing an additional 3,144 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in ManpowerGroup by 5.2% in the 4th quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock valued at $280,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Price Performance

MAN opened at $76.44 on Wednesday. ManpowerGroup Inc. has a 1 year low of $67.35 and a 1 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 company’s 50 day simple moving average is $73.36 and its 200 day simple moving average is $74.41. The stock has a market capitalization of $3.70 billion, a PE ratio of 78.80, a P/E/G ratio of 0.64 and a beta of 1.54.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. ManpowerGroup’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. As a group, sell-side analysts expect that ManpowerGroup Inc. will post 4.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MAN shares. William Blair initiated coverage on ManpowerGroup in a report on Monday, January 8th. They issued a “market perform” rating for the company. UBS Group reduced their target price on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. BNP Paribas reiterated an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a report on Friday, January 5th. StockNews.com downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Truist Financial raised their target price on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $83.00.

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.