Foundry Partners LLC Purchases 10,351 Shares of ManpowerGroup Inc. (NYSE:MAN)

Foundry Partners LLC lifted its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 17.9% in the fourth quarter, HoldingsChannel reports. The fund owned 68,082 shares of the business services provider’s stock after buying an additional 10,351 shares during the period. Foundry Partners LLC’s holdings in ManpowerGroup were worth $3,930,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MAN. Vaughan Nelson Investment Management L.P. bought a new stake in ManpowerGroup during the 4th quarter worth about $34,200,000. Norges Bank bought a new stake in shares of ManpowerGroup during the fourth quarter worth approximately $27,706,000. Point72 Asset Management L.P. lifted its holdings in ManpowerGroup by 480.1% in the third quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after buying an additional 268,866 shares during the period. Prudential Financial Inc. boosted its stake in ManpowerGroup by 111.7% in the fourth quarter. Prudential Financial Inc. now owns 364,515 shares of the business services provider’s stock valued at $21,040,000 after acquiring an additional 192,345 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in ManpowerGroup by 34.5% during the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock worth $43,189,000 after acquiring an additional 191,901 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Down 4.5 %

Shares of ManpowerGroup stock opened at $52.18 on Friday. The company has a market capitalization of $2.44 billion, a P/E ratio of 17.45 and a beta of 1.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The business has a 50-day moving average of $57.86 and a two-hundred day moving average of $61.61. ManpowerGroup Inc. has a 1 year low of $51.12 and a 1 year high of $78.87.

Analyst Ratings Changes

A number of research firms have recently weighed in on MAN. JPMorgan Chase & Co. cut their price target on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays cut their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. Truist Financial restated a “hold” rating and set a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Finally, UBS Group cut their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Company 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.