14,062 Shares in ManpowerGroup Inc. (NYSE:MAN) Purchased by AXQ Capital LP

AXQ Capital LP bought a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,062 shares of the business services provider’s stock, valued at approximately $812,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MAN. GSA Capital Partners LLP purchased a new position in ManpowerGroup during the 3rd quarter valued at about $205,000. Empowered Funds LLC grew its stake in shares of ManpowerGroup by 51.2% in the 3rd quarter. Empowered Funds LLC now owns 11,190 shares of the business services provider’s stock valued at $823,000 after buying an additional 3,789 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of ManpowerGroup by 346.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 51,855 shares of the business services provider’s stock valued at $3,812,000 after buying an additional 40,234 shares in the last quarter. Commerce Bank grew its stake in shares of ManpowerGroup by 4.1% in the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock valued at $314,000 after buying an additional 167 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of ManpowerGroup by 149.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 55,070 shares of the business services provider’s stock valued at $4,049,000 after buying an additional 32,992 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Truist Financial reissued a “hold” rating and issued a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. UBS Group lowered their price target on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Barclays reduced their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, ManpowerGroup presently has an average rating of “Hold” and an average price target of $69.33.

ManpowerGroup Stock Down 2.4 %

Shares of MAN stock opened at $57.68 on Friday. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87. The firm has a market cap of $2.70 billion, a PE ratio of 19.29 and a beta of 1.43. The stock has a 50 day moving average of $58.22 and a 200-day moving average of $62.53. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

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.