102,851 Shares in ManpowerGroup Inc. (NYSE:MAN) Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, Holdings Channel reports. The institutional investor bought 102,851 shares of the business services provider’s stock, valued at approximately $5,937,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC bought a new stake in ManpowerGroup during the fourth quarter worth about $241,000. BNP Paribas Financial Markets raised its holdings in ManpowerGroup by 168.4% during the third quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock worth $2,199,000 after acquiring an additional 18,764 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in ManpowerGroup by 39.8% during the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock worth $570,000 after acquiring an additional 2,208 shares in the last quarter. FORA Capital LLC bought a new stake in ManpowerGroup during the third quarter worth about $636,000. Finally, National Bank of Canada FI bought a new stake in ManpowerGroup during the third quarter worth about $1,250,000. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

ManpowerGroup stock opened at $53.73 on Friday. ManpowerGroup Inc. has a 12 month low of $53.67 and a 12 month high of $78.87. The stock’s 50 day moving average is $57.55 and its 200-day moving average is $64.32. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 17.97 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MAN shares. UBS Group dropped their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays dropped their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial restated a “hold” rating and issued a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup 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.