ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in ManpowerGroup Inc. (NYSE:MAN) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,770 shares of the business services provider’s stock after selling 285 shares during the quarter. Yousif Capital Management LLC’s holdings in ManpowerGroup were worth $1,141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its position in shares of ManpowerGroup by 12,496.6% during the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after acquiring an additional 894,379 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of ManpowerGroup by 480.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after buying an additional 268,866 shares during the period. Barclays PLC increased its holdings in shares of ManpowerGroup by 62.9% during the 3rd quarter. Barclays PLC now owns 154,886 shares of the business services provider’s stock worth $11,387,000 after buying an additional 59,821 shares during the last quarter. Foundry Partners LLC purchased a new stake in shares of ManpowerGroup during the 3rd quarter valued at approximately $4,244,000. Finally, Assenagon Asset Management S.A. lifted its holdings in ManpowerGroup by 1,373.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 53,473 shares of the business services provider’s stock valued at $3,086,000 after acquiring an additional 49,845 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on MAN. UBS Group reduced their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays lowered their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. BMO Capital Markets reduced their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. Finally, Truist Financial restated a “hold” rating and issued a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, ManpowerGroup presently has an average rating of “Hold” and an average price target of $69.33.

ManpowerGroup Stock Performance

Shares of ManpowerGroup stock opened at $55.20 on Friday. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 18.46 and a beta of 1.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The business has a 50-day moving average of $58.35 and a 200 day moving average of $65.14. ManpowerGroup Inc. has a 12 month low of $53.70 and a 12 month high of $78.87.

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.