Allianz Asset Management GmbH Acquires 67,107 Shares of ManpowerGroup Inc. $MAN

Allianz Asset Management GmbH increased its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 15.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,332 shares of the business services provider’s stock after buying an additional 67,107 shares during the period. Allianz Asset Management GmbH’s holdings in ManpowerGroup were worth $19,850,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in ManpowerGroup in the first quarter valued at approximately $30,000. Fifth Third Bancorp increased its stake in ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 243 shares in the last quarter. GAMMA Investing LLC increased its stake in ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 488 shares in the last quarter. Caption Management LLC bought a new stake in ManpowerGroup in the first quarter valued at approximately $123,000. Finally, Covestor Ltd increased its stake in ManpowerGroup by 28.8% in the first quarter. Covestor Ltd now owns 3,073 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 688 shares in the last quarter. 98.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on MAN. The Goldman Sachs Group lowered their target price on shares of ManpowerGroup from $37.00 to $33.00 and set a “sell” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ManpowerGroup in a research note on Wednesday, October 8th. Truist Financial reduced their price target on shares of ManpowerGroup from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. UBS Group reduced their price target on shares of ManpowerGroup from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday. Finally, Wall Street Zen upgraded shares of ManpowerGroup from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $42.67.

ManpowerGroup Stock Down 5.4%

ManpowerGroup stock opened at $33.62 on Monday. The stock has a market capitalization of $1.56 billion, a PE ratio of -71.53 and a beta of 1.08. ManpowerGroup Inc. has a twelve month low of $33.26 and a twelve month high of $67.22. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $39.50 and a 200-day moving average of $41.80.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, October 16th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. ManpowerGroup had a negative net margin of 0.12% and a positive return on equity of 7.02%. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. ManpowerGroup has set its Q4 2025 guidance at 0.780-0.88 EPS. On average, equities research analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS 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.