PNC Financial Services Group Inc. Boosts Holdings in ManpowerGroup Inc. (NYSE:MAN)

PNC Financial Services Group Inc. raised its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 34.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,301 shares of the business services provider’s stock after acquiring an additional 587 shares during the period. PNC Financial Services Group Inc.’s holdings in ManpowerGroup were worth $133,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Commerce Bank lifted its stake in shares of ManpowerGroup by 4.1% in the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 167 shares during the period. Harbor Capital Advisors Inc. increased its holdings in ManpowerGroup by 0.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock valued at $2,745,000 after buying an additional 234 shares in the last quarter. Captrust Financial Advisors raised its position in shares of ManpowerGroup by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock worth $240,000 after acquiring an additional 344 shares during the period. KBC Group NV boosted its stake in shares of ManpowerGroup by 1.0% during the 4th quarter. KBC Group NV now owns 54,109 shares of the business services provider’s stock worth $3,123,000 after acquiring an additional 536 shares in the last quarter. Finally, Alexander Randolph Advisory Inc. grew its position in shares of ManpowerGroup by 1.7% during the 4th quarter. Alexander Randolph Advisory Inc. now owns 33,148 shares of the business services provider’s stock valued at $1,913,000 after acquiring an additional 545 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock opened at $58.58 on Tuesday. The stock has a market capitalization of $2.74 billion, a P/E ratio of 19.59 and a beta of 1.43. The business has a 50 day simple moving average of $58.27 and a two-hundred day simple moving average of $62.30. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

Wall Street Analyst Weigh In

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

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.