ManpowerGroup Inc. (NYSE:MAN) Stock Holdings Lowered by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC reduced its holdings in ManpowerGroup Inc. (NYSE:MAN) by 7.5% during the 4th quarter, Holdings Channel reports. The fund owned 26,373 shares of the business services provider’s stock after selling 2,129 shares during the quarter. Keeley Teton Advisors LLC’s holdings in ManpowerGroup were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of MAN. Vaughan Nelson Investment Management L.P. bought a new position in ManpowerGroup during the fourth quarter valued at about $34,200,000. Norges Bank acquired a new stake in shares of ManpowerGroup in the fourth quarter worth $27,706,000. Barclays PLC lifted its position in shares of ManpowerGroup by 194.3% in the fourth quarter. Barclays PLC now owns 455,803 shares of the business services provider’s stock worth $26,308,000 after purchasing an additional 300,917 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of ManpowerGroup by 111.7% during the 4th quarter. Prudential Financial Inc. now owns 364,515 shares of the business services provider’s stock valued at $21,040,000 after buying an additional 192,345 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock valued at $43,189,000 after purchasing an additional 191,901 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Trading Down 2.7 %

MAN stock opened at $50.35 on Wednesday. The company has a market cap of $2.35 billion, a P/E ratio of 16.84 and a beta of 1.28. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a twelve month low of $47.29 and a twelve month high of $78.87. The business has a fifty day moving average of $56.28 and a 200-day moving average of $60.18.

Analysts Set New Price Targets

MAN has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Truist Financial cut their price target on ManpowerGroup from $70.00 to $55.00 and set a “hold” rating for the company in a report on Tuesday. Barclays raised ManpowerGroup from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Finally, UBS Group dropped their target price on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.00.

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.