Ieq Capital LLC Purchases Shares of 44,493 ManpowerGroup Inc. $MAN

Ieq Capital LLC purchased a new stake in ManpowerGroup Inc. (NYSE:MAN) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 44,493 shares of the business services provider’s stock, valued at approximately $1,503,000. Ieq Capital LLC owned approximately 0.10% of ManpowerGroup as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd increased its stake in ManpowerGroup by 910.7% in the first quarter. Y Intercept Hong Kong Ltd now owns 128,816 shares of the business services provider’s stock valued at $3,795,000 after purchasing an additional 116,071 shares during the period. State of New Jersey Common Pension Fund D increased its stake in ManpowerGroup by 52.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 77,557 shares of the business services provider’s stock valued at $2,306,000 after buying an additional 26,536 shares during the period. Renaissance Technologies LLC purchased a new position in ManpowerGroup during the first quarter worth about $1,180,000. Assenagon Asset Management S.A. acquired a new stake in shares of ManpowerGroup in the 2nd quarter valued at approximately $4,323,000. Finally, Hsbc Holdings PLC boosted its position in shares of ManpowerGroup by 53.3% during the 1st quarter. Hsbc Holdings PLC now owns 55,257 shares of the business services provider’s stock worth $1,632,000 after purchasing an additional 19,205 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen raised ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. The Goldman Sachs Group lifted their price target on shares of ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Robert W. Baird upped their target price on ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. UBS Group increased their price target on shares of ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Finally, Barclays raised their price objective on ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.50.

ManpowerGroup Trading Down 0.5%

NYSE:MAN opened at $61.75 on Thursday. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 28.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04. The business’s 50-day simple moving average is $48.08 and its 200 day simple moving average is $35.99. ManpowerGroup Inc. has a one year low of $25.15 and a one year high of $62.96.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.72 billion. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. During the same quarter last year, the company earned ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, sell-side analysts predict that ManpowerGroup Inc. will post 3.62 earnings per share for the current fiscal year.

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.