ManpowerGroup Inc. (NYSE:MAN) Stock Position Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in ManpowerGroup Inc. (NYSE:MAN) by 78.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,280 shares of the business services provider’s stock after acquiring an additional 4,531 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ManpowerGroup were worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MAN. NorthCrest Asset Manangement LLC grew its position in shares of ManpowerGroup by 15.0% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 6,082 shares of the business services provider’s stock valued at $447,000 after buying an additional 793 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in ManpowerGroup in the third quarter valued at approximately $267,000. Impact Partnership Wealth LLC boosted its stake in ManpowerGroup by 9.8% in the third quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock valued at $271,000 after acquiring an additional 329 shares during the period. Blue Trust Inc. raised its position in shares of ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after purchasing an additional 375 shares during the period. Finally, CWM LLC lifted its holdings in shares of ManpowerGroup by 77.0% in the 3rd quarter. CWM LLC now owns 13,188 shares of the business services provider’s stock worth $970,000 after purchasing an additional 5,739 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Performance

MAN stock opened at $65.80 on Thursday. The company has a 50-day simple moving average of $69.59 and a 200 day simple moving average of $71.78. The company has a market capitalization of $3.12 billion, a P/E ratio of 83.29 and a beta of 1.46. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. ManpowerGroup Inc. has a fifty-two week low of $61.53 and a fifty-two week high of $80.25.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group lowered their price objective on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their price objective on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Truist Financial reduced their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Friday, October 18th. Finally, BMO Capital Markets cut their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, ManpowerGroup currently has a consensus rating of “Hold” and an average price target of $76.60.

Insider Transactions at ManpowerGroup

In related news, CFO John T. Mcginnis acquired 8,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the completion of the purchase, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at $4,399,396.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

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.