Thrivent Financial for Lutherans Sells 11,785 Shares of ManpowerGroup Inc. (NYSE:MAN)

Thrivent Financial for Lutherans cut its position in ManpowerGroup Inc. (NYSE:MAN) by 22.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 40,070 shares of the business services provider’s stock after selling 11,785 shares during the period. Thrivent Financial for Lutherans’ holdings in ManpowerGroup were worth $2,312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at $6,489,000. Commonwealth Equity Services LLC boosted its holdings in shares of ManpowerGroup by 89.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,218 shares of the business services provider’s stock valued at $301,000 after acquiring an additional 2,463 shares during the last quarter. AlphaQuest LLC grew its stake in shares of ManpowerGroup by 4,364.3% in the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider’s stock worth $1,616,000 after acquiring an additional 27,364 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of ManpowerGroup by 34.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 587 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in ManpowerGroup in the fourth quarter worth approximately $875,000. Institutional investors own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

MAN has been the subject of a number of research reports. UBS Group decreased their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Truist Financial reiterated a “hold” rating and set a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Barclays cut their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, ManpowerGroup has an average rating of “Hold” and an average price target of $69.33.

ManpowerGroup Stock Down 1.0 %

MAN stock opened at $58.75 on Friday. The business’s 50-day moving average price is $58.26 and its 200-day moving average price is $62.10. The stock has a market cap of $2.75 billion, a P/E ratio of 19.65 and a beta of 1.43. ManpowerGroup Inc. has a twelve month low of $53.31 and a twelve month high of $78.87. 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 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.