Schroder Investment Management Group Sells 556,896 Shares of ManpowerGroup Inc. (NYSE:MAN)

Schroder Investment Management Group lessened its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 951,840 shares of the business services provider’s stock after selling 556,896 shares during the quarter. Schroder Investment Management Group owned about 2.03% of ManpowerGroup worth $54,940,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. bought a new stake in shares of ManpowerGroup during the fourth quarter valued at approximately $34,200,000. Norges Bank purchased a new position in ManpowerGroup during the fourth quarter valued at $27,706,000. Point72 Asset Management L.P. increased its holdings in ManpowerGroup by 480.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after acquiring an additional 268,866 shares during the last quarter. Prudential Financial Inc. lifted its stake in ManpowerGroup by 111.7% in the 4th quarter. Prudential Financial Inc. now owns 364,515 shares of the business services provider’s stock worth $21,040,000 after purchasing an additional 192,345 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of ManpowerGroup by 34.5% during the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock valued at $43,189,000 after purchasing an additional 191,901 shares during the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Stock Performance

NYSE MAN opened at $57.88 on Tuesday. The business’s 50 day moving average price is $58.22 and its 200-day moving average price is $61.90. ManpowerGroup Inc. has a fifty-two week low of $53.31 and a fifty-two week high of $78.87. The company has a market cap of $2.71 billion, a P/E ratio of 19.36 and a beta of 1.43. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.

Wall Street Analysts Forecast Growth

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

ManpowerGroup Company 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.