Cetera Investment Advisers Boosts Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Cetera Investment Advisers lifted its position in ManpowerGroup Inc. (NYSE:MAN) by 16.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,748 shares of the business services provider’s stock after buying an additional 1,381 shares during the quarter. Cetera Investment Advisers’ holdings in ManpowerGroup were worth $564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC purchased a new stake in shares of ManpowerGroup in the 4th quarter valued at $28,000. Fifth Third Bancorp raised its holdings in shares of ManpowerGroup by 48.6% in the 1st quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock valued at $43,000 after buying an additional 243 shares during the period. GAMMA Investing LLC raised its holdings in shares of ManpowerGroup by 190.6% in the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock valued at $43,000 after buying an additional 488 shares during the period. UMB Bank n.a. raised its holdings in shares of ManpowerGroup by 131.7% in the 1st quarter. UMB Bank n.a. now owns 899 shares of the business services provider’s stock valued at $52,000 after buying an additional 511 shares during the period. Finally, WFA Asset Management Corp raised its holdings in shares of ManpowerGroup by 129.3% in the 1st quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider’s stock valued at $80,000 after buying an additional 776 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MAN. BMO Capital Markets cut their price objective on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Wall Street Zen raised ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. UBS Group boosted their target price on ManpowerGroup from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Truist Financial lowered their target price on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered their target price on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.20.

ManpowerGroup Trading Up 0.3%

NYSE:MAN opened at $41.30 on Friday. The stock has a 50-day simple moving average of $41.91 and a 200-day simple moving average of $47.68. The stock has a market cap of $1.91 billion, a P/E ratio of -108.68 and a beta of 1.08. ManpowerGroup Inc. has a 1 year low of $37.97 and a 1 year high of $75.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. The business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.34 billion. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 EPS. As a group, analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal 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.