Quantbot Technologies LP purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 46,436 shares of the business services provider’s stock, valued at approximately $1,568,000. Quantbot Technologies LP owned approximately 0.10% of ManpowerGroup at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new position in shares of ManpowerGroup during the 3rd quarter worth about $25,000. Global Retirement Partners LLC bought a new stake in ManpowerGroup in the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in ManpowerGroup in the third quarter worth about $30,000. Fifth Third Bancorp raised its position in ManpowerGroup by 637.7% in the fourth quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider’s stock worth $33,000 after purchasing an additional 963 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in ManpowerGroup by 2,007.4% during the second quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider’s stock worth $38,000 after purchasing an additional 1,084 shares during the period. Institutional investors own 98.03% of the company’s stock.
ManpowerGroup Price Performance
NYSE:MAN opened at $61.38 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.85 billion, a PE ratio of 27.90 and a beta of 0.67. ManpowerGroup Inc. has a 12 month low of $25.15 and a 12 month high of $62.96. The company’s 50-day moving average price is $46.97 and its two-hundred day moving average price is $35.64.
Analysts Set New Price Targets
A number of research firms have weighed in on MAN. BMO Capital Markets lifted their price objective on ManpowerGroup from $49.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Barclays raised their target price on ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Robert W. Baird boosted their price target on ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Wall Street Zen raised ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, UBS Group upped their price target on ManpowerGroup from $41.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ManpowerGroup currently has a consensus rating of “Hold” and an average price target of $53.50.
Check Out Our Latest Report on ManpowerGroup
About ManpowerGroup
ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company’s service offerings are organized into four principal brands.
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