Charles Schwab Investment Management Inc. raised its position in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 515,308 shares of the business services provider’s stock after purchasing an additional 10,391 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.10% of ManpowerGroup worth $29,826,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in shares of ManpowerGroup by 24.0% during the fourth quarter. Northern Trust Corp now owns 437,495 shares of the business services provider’s stock worth $25,252,000 after acquiring an additional 84,741 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of ManpowerGroup during the first quarter worth $253,000. GAMMA Investing LLC raised its holdings in shares of ManpowerGroup by 190.6% during the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock worth $43,000 after acquiring an additional 488 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in ManpowerGroup during the first quarter worth $887,000. Finally, Allspring Global Investments Holdings LLC increased its position in ManpowerGroup by 79.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 53,703 shares of the business services provider’s stock worth $3,150,000 after buying an additional 23,795 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.
ManpowerGroup Stock Up 2.3%
Shares of MAN opened at $42.1750 on Wednesday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -110.98 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.24. ManpowerGroup Inc. has a 12 month low of $37.97 and a 12 month high of $75.57. The company has a 50-day moving average price of $41.90 and a two-hundred day moving average price of $47.42.
Wall Street Analysts Forecast Growth
MAN has been the topic of several analyst reports. Wall Street Zen raised shares of ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. UBS Group increased their target price on shares of ManpowerGroup from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $48.20.
Get Our Latest Research Report on ManpowerGroup
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.
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