Ieq Capital LLC increased its holdings in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) by 12.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,854 shares of the business services provider’s stock after purchasing an additional 13,003 shares during the period. Ieq Capital LLC owned approximately 0.25% of ManpowerGroup worth $6,706,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new stake in ManpowerGroup during the fourth quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. acquired a new stake in ManpowerGroup during the first quarter worth approximately $30,000. Fifth Third Bancorp grew its stake in ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock worth $43,000 after purchasing an additional 243 shares during the period. GAMMA Investing LLC grew its stake in ManpowerGroup by 190.6% during the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock worth $43,000 after purchasing an additional 488 shares during the period. Finally, UMB Bank n.a. grew its stake in ManpowerGroup by 131.7% during the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider’s stock worth $52,000 after purchasing an additional 511 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.
ManpowerGroup Stock Down 1.3%
MAN stock opened at $41.28 on Friday. ManpowerGroup Inc. has a twelve month low of $37.97 and a twelve month high of $75.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $42.11 and its 200-day moving average is $46.75. The firm has a market capitalization of $1.91 billion, a PE ratio of -108.62 and a beta of 1.08.
Wall Street Analyst Weigh In
Several brokerages have issued reports on MAN. UBS Group increased their price target on ManpowerGroup from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Wall Street Zen upgraded ManpowerGroup from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, ManpowerGroup has a consensus rating of “Hold” and a consensus price target of $48.20.
Get Our Latest Analysis on MAN
About ManpowerGroup
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.
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