ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 76.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,908 shares of the business services provider’s stock after selling 96,886 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ManpowerGroup were worth $1,706,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised 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 worth $66,281,000 after acquiring an additional 894,379 shares in the last quarter. Geode Capital Management LLC raised its holdings in ManpowerGroup by 0.5% during the third quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after purchasing an additional 4,113 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in ManpowerGroup during the fourth quarter worth approximately $34,200,000. Jacobs Levy Equity Management Inc. lifted its position in shares of ManpowerGroup by 6.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock worth $40,414,000 after buying an additional 32,083 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of ManpowerGroup by 4.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 403,070 shares of the business services provider’s stock valued at $29,634,000 after buying an additional 15,407 shares in the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MAN. UBS Group reduced their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Barclays reduced their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Truist Financial reaffirmed a “hold” rating and set a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Stock Performance

Shares of MAN stock opened at $53.73 on Friday. The stock’s 50-day moving average price is $57.55 and its 200 day moving average price is $64.28. 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 stock has a market capitalization of $2.51 billion, a PE ratio of 17.97 and a beta of 1.45. ManpowerGroup Inc. has a 52-week low of $53.67 and a 52-week high of $78.87.

ManpowerGroup 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.