Amalgamated Bank lowered its stake in ManpowerGroup Inc. (NYSE:MAN – Get Rating) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,621 shares of the business services provider's stock after selling 1,354 shares during the period. Amalgamated Bank owned 0.07% of ManpowerGroup worth $3,533,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its holdings in shares of ManpowerGroup by 88.6% during the 1st quarter. Fifth Third Bancorp now owns 347 shares of the business services provider's stock valued at $33,000 after buying an additional 163 shares in the last quarter. Lingohr & Partner Asset Management GmbH boosted its holdings in shares of ManpowerGroup by 4.3% during the 1st quarter. Lingohr & Partner Asset Management GmbH now owns 4,900 shares of the business services provider's stock valued at $460,000 after buying an additional 200 shares in the last quarter. Balasa Dinverno & Foltz LLC boosted its holdings in shares of ManpowerGroup by 9.9% during the 1st quarter. Balasa Dinverno & Foltz LLC now owns 2,329 shares of the business services provider's stock valued at $219,000 after buying an additional 209 shares in the last quarter. Bank of New Hampshire boosted its holdings in shares of ManpowerGroup by 10.2% during the 1st quarter. Bank of New Hampshire now owns 2,640 shares of the business services provider's stock valued at $248,000 after buying an additional 245 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in shares of ManpowerGroup by 6.4% during the 1st quarter. Dupont Capital Management Corp now owns 4,839 shares of the business services provider's stock valued at $454,000 after buying an additional 290 shares in the last quarter. Institutional investors own 98.22% of the company's stock.
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Analyst Upgrades and Downgrades
A number of analysts have recently commented on the stock. Robert W. Baird dropped their target price on shares of ManpowerGroup from $120.00 to $94.00 in a report on Friday, July 15th. JPMorgan Chase & Co. cut shares of ManpowerGroup from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $145.00 to $78.00 in a research note on Monday, July 11th. StockNews.com cut shares of ManpowerGroup from a "buy" rating to a "hold" rating in a research note on Monday, July 11th. Barclays dropped their price target on shares of ManpowerGroup from $100.00 to $80.00 and set an "underweight" rating on the stock in a research note on Friday, July 22nd. Finally, Truist Financial lowered ManpowerGroup from a "buy" rating to a "hold" rating and set a $80.00 target price for the company. in a research report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, ManpowerGroup has a consensus rating of "Hold" and a consensus price target of $82.67.
ManpowerGroup Price Performance
Shares of MAN stock opened at $67.46 on Friday. ManpowerGroup Inc. has a 1-year low of $67.46 and a 1-year high of $115.54. The stock's 50-day moving average is $75.91 and its 200 day moving average is $83.59. The company has a market cap of $3.49 billion, a P/E ratio of 8.69, a PEG ratio of 0.79 and a beta of 1.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 1.19.
ManpowerGroup (NYSE:MAN – Get Rating) last released its earnings results on Tuesday, July 19th. The business services provider reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.02. ManpowerGroup had a return on equity of 18.15% and a net margin of 2.04%. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.28 billion. Research analysts predict that ManpowerGroup Inc. will post 8.72 earnings per share for the current fiscal year.
About ManpowerGroup
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ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.
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