Susquehanna Fundamental Investments LLC trimmed its stake in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) by 6.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,846 shares of the business services provider’s stock after selling 12,000 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.39% of ManpowerGroup worth $6,175,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the stock. Quarry LP acquired a new stake in shares of ManpowerGroup during the third quarter worth $25,000. Global Retirement Partners LLC purchased a new position in ManpowerGroup during the 2nd quarter worth $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of ManpowerGroup in the 3rd quarter worth $30,000. Fifth Third Bancorp boosted its holdings in shares of ManpowerGroup by 637.7% in the fourth quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 963 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its stake in shares of 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 acquiring an additional 1,084 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.
ManpowerGroup Stock Performance
MAN opened at $62.90 on Tuesday. ManpowerGroup Inc. has a 1-year low of $25.15 and a 1-year high of $63.88. The stock has a market cap of $2.93 billion, a P/E ratio of 28.59 and a beta of 0.67. The stock’s 50 day simple moving average is $49.86 and its 200 day simple moving average is $36.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04.
Wall Street Analysts Forecast Growth
MAN has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of ManpowerGroup from $41.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Robert W. Baird increased their target price on ManpowerGroup from $45.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Barclays raised their price target on ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. The Goldman Sachs Group upped their price objective on ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Finally, Wall Street Zen upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $53.50.
ManpowerGroup Profile
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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