Jump Financial LLC Decreases Position in ManpowerGroup Inc. (NYSE:MAN)

Jump Financial LLC lowered its stake in shares of ManpowerGroup Inc. (NYSE:MANFree Report) by 62.8% in the third quarter, HoldingsChannel.com reports. The firm owned 8,796 shares of the business services provider’s stock after selling 14,864 shares during the period. Jump Financial LLC’s holdings in ManpowerGroup were worth $645,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Invesco Ltd. boosted its position in ManpowerGroup by 67.2% in the 1st quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider’s stock valued at $172,812,000 after buying an additional 739,380 shares during the period. Norges Bank purchased a new position in ManpowerGroup in the 4th quarter valued at approximately $41,325,000. Victory Capital Management Inc. boosted its position in ManpowerGroup by 11.5% in the 3rd quarter. Victory Capital Management Inc. now owns 3,622,221 shares of the business services provider’s stock valued at $265,581,000 after buying an additional 373,473 shares during the period. Capital Research Global Investors purchased a new position in ManpowerGroup in the 2nd quarter valued at approximately $29,216,000. Finally, Millennium Management LLC boosted its position in ManpowerGroup by 816.4% in the 2nd quarter. Millennium Management LLC now owns 293,212 shares of the business services provider’s stock valued at $22,404,000 after buying an additional 261,217 shares during the period. Hedge funds and other institutional investors own 96.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BNP Paribas reissued an “underperform” rating and issued a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. William Blair began coverage on shares of ManpowerGroup in a research note on Monday, January 8th. They set a “market perform” rating for the company. TheStreet downgraded shares of ManpowerGroup from a “b-” rating to a “c” rating in a research note on Thursday, October 19th. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. Finally, Truist Financial boosted their target price on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.00.

View Our Latest Report on MAN

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $72.93 on Friday. The company has a 50-day simple moving average of $76.80 and a 200-day simple moving average of $75.52. ManpowerGroup Inc. has a one year low of $67.35 and a one year high of $90.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 1.16. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 0.58 and a beta of 1.56.

ManpowerGroup (NYSE:MANGet Free Report) last announced its earnings results on Tuesday, January 30th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.26. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.57 billion. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.08 earnings per share. On average, analysts predict that ManpowerGroup Inc. will post 5.4 EPS for the current year.

ManpowerGroup Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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