Raymond James Financial Inc. Makes New $875,000 Investment in ManpowerGroup Inc. (NYSE:MAN)

Raymond James Financial Inc. acquired a new stake in ManpowerGroup Inc. (NYSE:MAN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,166 shares of the business services provider’s stock, valued at approximately $875,000.

Several other institutional investors have also modified their holdings of MAN. WFA Asset Management Corp purchased a new stake in ManpowerGroup in the fourth quarter valued at $35,000. SRS Capital Advisors Inc. increased its position in shares of ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after purchasing an additional 562 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 778 shares during the last quarter. R Squared Ltd acquired a new stake in shares of ManpowerGroup in the 4th quarter valued at about $95,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in ManpowerGroup during the 3rd quarter worth approximately $207,000. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Stock Down 4.5 %

MAN stock opened at $52.18 on Friday. The company has a 50 day moving average price of $57.86 and a two-hundred day moving average price of $61.61. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The stock has a market capitalization of $2.44 billion, a P/E ratio of 17.45 and a beta of 1.43. ManpowerGroup Inc. has a one year low of $51.12 and a one year high of $78.87.

Analyst Ratings Changes

A number of brokerages have recently commented on MAN. JPMorgan Chase & Co. cut their target price 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 dropped their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. UBS Group reduced their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Truist Financial reissued a “hold” rating and set 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 stock. Based on data from MarketBeat.com, the company has an average 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.