Schroder Investment Management Group Trims Stake in ManpowerGroup Inc. (NYSE:MAN)

Schroder Investment Management Group lessened its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 36.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 951,840 shares of the business services provider’s stock after selling 556,896 shares during the quarter. Schroder Investment Management Group’s holdings in ManpowerGroup were worth $54,940,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MAN. Geode Capital Management LLC lifted its stake in shares of ManpowerGroup by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after acquiring an additional 4,113 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 purchasing an additional 191,901 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at $34,200,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of ManpowerGroup by 6.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock worth $40,414,000 after purchasing an additional 32,083 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in ManpowerGroup by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,917 shares of the business services provider’s stock worth $29,144,000 after buying an additional 23,741 shares during the period. Institutional investors own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MAN shares. Barclays lowered their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price target on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Truist Financial restated a “hold” rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Finally, UBS Group lowered their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $69.33.

ManpowerGroup Stock Performance

Shares of MAN stock opened at $57.88 on Tuesday. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 19.36 and a beta of 1.43. ManpowerGroup Inc. has a 52-week low of $53.31 and a 52-week 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. The company’s 50 day moving average is $58.22 and its 200 day moving average is $61.90.

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.