15,385 Shares in ManpowerGroup Inc. (NYSE:MAN) Acquired by Magnetar Financial LLC

Magnetar Financial LLC acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,385 shares of the business services provider’s stock, valued at approximately $888,000.

Other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp purchased a new position in ManpowerGroup during the fourth quarter worth approximately $35,000. SRS Capital Advisors Inc. lifted its position in ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after buying an additional 562 shares in the last quarter. Blue Trust Inc. lifted its position in ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after buying an additional 778 shares in the last quarter. R Squared Ltd purchased a new position in ManpowerGroup during the fourth quarter worth approximately $95,000. Finally, PNC Financial Services Group Inc. raised its position in ManpowerGroup by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 587 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on MAN. Barclays reduced their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. UBS Group reduced their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Truist Financial restated a “hold” rating and issued a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $69.33.

ManpowerGroup Trading Down 2.4 %

Shares of NYSE MAN opened at $57.68 on Friday. ManpowerGroup Inc. has a twelve month low of $53.31 and a twelve month high of $78.87. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $58.22 and a 200-day simple moving average of $62.53. The stock has a market capitalization of $2.70 billion, a PE ratio of 19.29 and a beta of 1.43.

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.