XTX Topco Ltd Buys Shares of 18,375 ManpowerGroup Inc. (NYSE:MAN)

XTX Topco Ltd purchased a new position in ManpowerGroup Inc. (NYSE:MAN) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 18,375 shares of the business services provider’s stock, valued at approximately $1,061,000.

Other institutional investors also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new position in ManpowerGroup during the fourth quarter worth about $34,200,000. Norges Bank acquired a new position in shares of ManpowerGroup in the 4th quarter worth approximately $27,706,000. Barclays PLC raised its holdings in shares of ManpowerGroup by 194.3% in the 4th 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. lifted its stake in ManpowerGroup by 111.7% during the fourth quarter. Prudential Financial Inc. now owns 364,515 shares of the business services provider’s stock valued at $21,040,000 after purchasing an additional 192,345 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings 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 worth $43,189,000 after buying an additional 191,901 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Stock Down 2.7 %

Shares of ManpowerGroup stock opened at $50.35 on Wednesday. ManpowerGroup Inc. has a 1 year low of $47.29 and a 1 year high of $78.87. 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 current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $56.28 and a 200 day moving average price of $60.18.

Analyst Ratings Changes

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

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.