Natixis Advisors LLC Invests $6.49 Million in ManpowerGroup Inc. (NYSE:MAN)

Natixis Advisors LLC bought a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 112,435 shares of the business services provider’s stock, valued at approximately $6,489,000.

A number of other institutional investors have also made changes to their positions in the company. Commerce Bank lifted its position in shares of ManpowerGroup by 4.1% during the third quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock worth $314,000 after purchasing an additional 167 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock worth $2,745,000 after purchasing an additional 234 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of ManpowerGroup by 11.8% during the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock worth $240,000 after purchasing an additional 344 shares in the last quarter. KBC Group NV lifted its position in shares of ManpowerGroup by 1.0% during the fourth quarter. KBC Group NV now owns 54,109 shares of the business services provider’s stock worth $3,123,000 after purchasing an additional 536 shares in the last quarter. Finally, Alexander Randolph Advisory Inc. lifted its position in shares of ManpowerGroup by 1.7% during the fourth quarter. Alexander Randolph Advisory Inc. now owns 33,148 shares of the business services provider’s stock worth $1,913,000 after purchasing an additional 545 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAN has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. UBS Group cut their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays cut their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd. Finally, Truist Financial reaffirmed a “hold” rating and issued a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Stock Down 2.4 %

Shares of NYSE:MAN opened at $57.68 on Friday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.29 and a beta of 1.43. ManpowerGroup Inc. has a 1-year low of $53.31 and a 1-year high of $78.87. The company’s fifty day moving average is $58.22 and its two-hundred day moving average is $62.53. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.

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.