ProShare Advisors LLC Sells 779 Shares of ManpowerGroup Inc. (NYSE:MAN)

ProShare Advisors LLC trimmed its holdings in ManpowerGroup Inc. (NYSE:MANGet Rating) by 15.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,399 shares of the business services provider’s stock after selling 779 shares during the period. ProShare Advisors LLC’s holdings in ManpowerGroup were worth $413,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in shares of ManpowerGroup by 88.6% in the first quarter. Fifth Third Bancorp now owns 347 shares of the business services provider’s stock worth $33,000 after buying an additional 163 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of ManpowerGroup in the fourth quarter worth $50,000. Covestor Ltd acquired a new stake in shares of ManpowerGroup in the fourth quarter worth $67,000. Lazard Asset Management LLC raised its stake in ManpowerGroup by 28.7% during the 4th quarter. Lazard Asset Management LLC now owns 887 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 198 shares during the last quarter. Finally, MQS Management LLC acquired a new position in ManpowerGroup during the 1st quarter valued at $208,000. 98.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BMO Capital Markets cut shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and cut their target price for the company from $120.00 to $84.00 in a research note on Thursday, May 26th. Robert W. Baird cut their target price on shares of ManpowerGroup from $120.00 to $94.00 in a research note on Friday, July 15th. Truist Financial cut shares of ManpowerGroup from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Friday, July 15th. JPMorgan Chase & Co. cut shares of ManpowerGroup from an “overweight” rating to a “neutral” rating and cut their target price for the company from $145.00 to $78.00 in a research note on Monday, July 11th. Finally, StockNews.com cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, ManpowerGroup currently has a consensus rating of “Hold” and an average price target of $82.67.

ManpowerGroup Stock Down 1.3 %

MAN opened at $72.40 on Friday. The firm’s 50-day simple moving average is $77.66 and its 200-day simple moving average is $87.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.19. ManpowerGroup Inc. has a twelve month low of $71.49 and a twelve month high of $123.74. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.85 and a beta of 1.70.

ManpowerGroup (NYSE:MANGet Rating) last issued its quarterly earnings data on Tuesday, July 19th. The business services provider reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.02. ManpowerGroup had a net margin of 2.04% and a return on equity of 18.15%. The firm had revenue of $5.07 billion for the quarter, compared to analyst estimates of $5.28 billion. Equities research analysts anticipate that ManpowerGroup Inc. will post 8.72 EPS for the current fiscal year.

About ManpowerGroup

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ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

Further Reading

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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