Geode Capital Management LLC Sells 8,929 Shares of ManpowerGroup Inc. (NYSE:MAN)

Geode Capital Management LLC reduced its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 785,775 shares of the business services provider’s stock after selling 8,929 shares during the period. Geode Capital Management LLC owned about 1.67% of ManpowerGroup worth $45,369,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in ManpowerGroup by 0.5% during 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 purchasing an additional 234 shares during the period. Captrust Financial Advisors grew its stake in shares of ManpowerGroup by 11.8% during the 3rd 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 increased its holdings in ManpowerGroup by 1.0% in 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 during the last quarter. Alexander Randolph Advisory Inc. raised its stake in ManpowerGroup by 1.7% in 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. Finally, SRS Capital Advisors Inc. lifted its holdings in ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays upgraded shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered 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. UBS Group cut their price target on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Finally, Truist Financial reiterated a “hold” rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $67.50.

ManpowerGroup Stock Up 1.2 %

Shares of NYSE:MAN opened at $51.70 on Tuesday. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 17.29 and a beta of 1.28. ManpowerGroup Inc. has a one year low of $47.29 and a one year high of $78.87. The firm has a fifty day moving average price of $56.42 and a two-hundred day moving average price of $60.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

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.