BlackRock Inc. Acquires Shares of 7,874,476 ManpowerGroup Inc. $MAN

BlackRock Inc. acquired a new stake in ManpowerGroup Inc. (NYSE:MAN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 7,874,476 shares of the business services provider’s stock, valued at approximately $265,921,000. BlackRock Inc. owned 0.17% of ManpowerGroup at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of ManpowerGroup by 60.3% during the 3rd quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock worth $140,394,000 after buying an additional 1,393,622 shares during the period. Schroder Investment Management Group grew its position in ManpowerGroup by 24.6% in the fourth quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider’s stock valued at $66,817,000 after acquiring an additional 443,790 shares during the period. Quantinno Capital Management LP raised its stake in ManpowerGroup by 235.8% during the first quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock worth $52,850,000 after acquiring an additional 1,259,752 shares in the last quarter. State Street Corp raised its stake in ManpowerGroup by 2.0% during the fourth quarter. State Street Corp now owns 1,616,447 shares of the business services provider’s stock worth $48,057,000 after acquiring an additional 31,749 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of ManpowerGroup by 77.3% during the fourth quarter. Millennium Management LLC now owns 1,525,936 shares of the business services provider’s stock valued at $45,366,000 after acquiring an additional 665,135 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group boosted their target price on shares of ManpowerGroup from $41.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Robert W. Baird increased their target price on shares of ManpowerGroup from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. The Goldman Sachs Group lifted their price target on shares of ManpowerGroup from $36.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Weiss Ratings upgraded shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Truist Financial upped their price objective on shares of ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $53.50.

ManpowerGroup Trading Down 0.5%

Shares of NYSE MAN opened at $61.75 on Thursday. ManpowerGroup Inc. has a 1-year low of $25.15 and a 1-year high of $62.96. The company has a 50-day moving average of $48.08 and a two-hundred day moving average of $35.99. The company has a market cap of $2.87 billion, a PE ratio of 28.07 and a beta of 0.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.72 billion. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. During the same period in the prior year, the firm earned ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, equities analysts expect that ManpowerGroup Inc. will post 3.62 earnings per share for the current fiscal year.

About ManpowerGroup

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.