Sanctuary Advisors LLC purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,546 shares of the business services provider’s stock, valued at approximately $421,000.
Other hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC boosted its stake in shares of ManpowerGroup by 62.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after purchasing an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of ManpowerGroup during the 1st quarter worth about $47,000. Advisors Asset Management Inc. acquired a new stake in shares of ManpowerGroup during the 1st quarter worth about $49,000. Headlands Technologies LLC acquired a new stake in shares of ManpowerGroup during the 2nd quarter worth about $47,000. Finally, Innealta Capital LLC acquired a new stake in shares of ManpowerGroup during the 2nd quarter worth about $50,000. 98.03% of the stock is owned by institutional investors and hedge funds.
ManpowerGroup Price Performance
MAN opened at $74.26 on Thursday. ManpowerGroup Inc. has a 1 year low of $66.03 and a 1 year high of $80.25. The company’s 50 day simple moving average is $71.89 and its 200 day simple moving average is $72.78. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $3.54 billion, a PE ratio of 76.56 and a beta of 1.45.
Wall Street Analysts Forecast Growth
MAN has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. BMO Capital Markets raised their target price on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, ManpowerGroup currently has a consensus rating of “Hold” and an average target price of $82.40.
View Our Latest Stock Analysis on MAN
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.
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