Amalgamated Bank Has $2.40 Million Holdings in ManpowerGroup Inc. (NYSE:MAN)

Amalgamated Bank lessened its stake in shares of ManpowerGroup Inc. (NYSE:MANFree Report) by 0.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 32,660 shares of the business services provider’s stock after selling 250 shares during the quarter. Amalgamated Bank’s holdings in ManpowerGroup were worth $2,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAN. Trillium Asset Management LLC raised its stake in ManpowerGroup by 16.8% during the 3rd quarter. Trillium Asset Management LLC now owns 40,420 shares of the business services provider’s stock valued at $2,964,000 after purchasing an additional 5,824 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of ManpowerGroup by 376.8% during the 3rd quarter. Quantbot Technologies LP now owns 23,688 shares of the business services provider’s stock worth $1,737,000 after purchasing an additional 18,720 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of ManpowerGroup in the third quarter valued at $429,000. Victory Capital Management Inc. raised its stake in shares of ManpowerGroup by 11.5% in the third quarter. Victory Capital Management Inc. now owns 3,622,221 shares of the business services provider’s stock valued at $265,581,000 after purchasing an additional 373,473 shares in the last quarter. Finally, Duality Advisers LP lifted its position in ManpowerGroup by 24.2% in the third quarter. Duality Advisers LP now owns 15,508 shares of the business services provider’s stock worth $1,137,000 after purchasing an additional 3,024 shares during the period. Institutional investors and hedge funds own 96.78% of the company’s stock.

ManpowerGroup Stock Performance

ManpowerGroup stock opened at $72.93 on Monday. ManpowerGroup Inc. has a 12-month low of $67.35 and a 12-month high of $89.43. The stock has a 50-day simple moving average of $76.74 and a 200 day simple moving average of $75.39. The company has a quick ratio of 1.21, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 43.67, a P/E/G ratio of 0.58 and a beta of 1.56.

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

Analyst Upgrades and Downgrades

MAN has been the subject of a number of recent research reports. BMO Capital Markets dropped their price objective 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. BNP Paribas restated an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a research note on Friday, January 5th. TheStreet lowered ManpowerGroup from a “b-” rating to a “c” rating in a research note on Thursday, October 19th. Truist Financial raised their target price on ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Finally, William Blair assumed coverage on ManpowerGroup in a research note on Monday, January 8th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and a consensus price target of $83.00.

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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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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