Thrivent Financial for Lutherans Sells 11,785 Shares of ManpowerGroup Inc. (NYSE:MAN)

Thrivent Financial for Lutherans trimmed its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 22.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,070 shares of the business services provider’s stock after selling 11,785 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of ManpowerGroup worth $2,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in ManpowerGroup during the 4th quarter valued at $34,200,000. Point72 Asset Management L.P. raised its stake in shares of ManpowerGroup by 480.1% during the third quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after acquiring an additional 268,866 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings 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 period. KLCM Advisors Inc. grew its stake in shares of ManpowerGroup by 153.9% in the fourth quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider’s stock worth $17,119,000 after purchasing an additional 179,788 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new position in ManpowerGroup during the 4th quarter valued at about $6,489,000. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Stock Down 1.0 %

Shares of ManpowerGroup stock opened at $58.75 on Friday. ManpowerGroup Inc. has a 1 year low of $53.31 and a 1 year high of $78.87. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 19.65 and a beta of 1.43. The company has a 50-day moving average of $58.26 and a 200 day moving average of $62.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays dropped their price objective 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. cut their price target 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. 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. Finally, UBS Group cut their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.33.

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.