Corient Private Wealth LLC Has $387,000 Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Corient Private Wealth LLC lessened its stake in ManpowerGroup Inc. (NYSE:MAN) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,711 shares of the business services provider’s stock after selling 1,482 shares during the quarter. Corient Private Wealth LLC’s holdings in ManpowerGroup were worth $387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup during the 4th quarter worth $35,000. SRS Capital Advisors Inc. grew its position in ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 562 shares during the last quarter. Blue Trust Inc. raised its stake in ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after acquiring an additional 778 shares in the last quarter. R Squared Ltd bought a new position in shares of ManpowerGroup in the fourth quarter worth about $95,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of ManpowerGroup by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock worth $133,000 after acquiring an additional 587 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Trading Down 1.0 %

Shares of MAN stock opened at $58.75 on Monday. The stock has a 50-day moving average of $58.26 and a 200-day moving average of $61.99. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 19.65 and a beta of 1.43. ManpowerGroup Inc. has a 1-year low of $53.31 and a 1-year high of $78.87.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays cut their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. UBS Group dropped their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Truist Financial restated a “hold” rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and an average price target of $69.33.

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.