ManpowerGroup Inc. (NYSE:MAN) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in ManpowerGroup Inc. (NYSE:MAN) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,850 shares of the business services provider’s stock after purchasing an additional 2,040 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ManpowerGroup were worth $569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MAN. Bank of New York Mellon Corp lifted its holdings in ManpowerGroup by 34.5% during the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock worth $43,189,000 after buying an additional 191,901 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of ManpowerGroup in the 4th quarter valued at approximately $34,200,000. Charles Schwab Investment Management Inc. grew its position in ManpowerGroup by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,917 shares of the business services provider’s stock valued at $29,144,000 after buying an additional 23,741 shares during the last quarter. Norges Bank acquired a new position in shares of ManpowerGroup during the fourth quarter worth about $27,706,000. Finally, Prudential Financial Inc. increased its position in ManpowerGroup by 111.7% during the 4th quarter. Prudential Financial Inc. now owns 364,515 shares of the business services provider’s stock worth $21,040,000 after purchasing an additional 192,345 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MAN shares. UBS Group lowered their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. BMO Capital Markets dropped their price target on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. cut their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Barclays upgraded ManpowerGroup from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Finally, Truist Financial cut their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $57.50.

ManpowerGroup Trading Up 3.5 %

NYSE:MAN opened at $44.22 on Friday. ManpowerGroup Inc. has a 12 month low of $39.22 and a 12 month high of $78.87. The business’s 50-day moving average is $53.02 and its two-hundred day moving average is $57.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $2.07 billion, a PE ratio of 14.79 and a beta of 1.28.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $698.30 million for the quarter, compared to analyst estimates of $3.94 billion. ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. During the same period in the previous year, the firm posted $0.94 earnings per share. Research analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Company 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.