Trexquant Investment LP increased its holdings in ManpowerGroup Inc. (NYSE:MAN – Get Rating) by 68.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,875 shares of the business services provider’s stock after acquiring an additional 8,908 shares during the quarter. Trexquant Investment LP’s holdings in ManpowerGroup were worth $1,415,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. purchased a new position in ManpowerGroup during the first quarter valued at $907,000. Cetera Advisor Networks LLC bought a new stake in shares of ManpowerGroup during the 1st quarter valued at about $267,000. Bank of Montreal Can lifted its position in shares of ManpowerGroup by 104.8% during the 1st quarter. Bank of Montreal Can now owns 21,293 shares of the business services provider’s stock valued at $2,143,000 after buying an additional 10,894 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of ManpowerGroup by 33.5% during the 1st quarter. MetLife Investment Management LLC now owns 35,079 shares of the business services provider’s stock valued at $3,295,000 after buying an additional 8,794 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of ManpowerGroup by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,878 shares of the business services provider’s stock valued at $1,867,000 after buying an additional 1,895 shares in the last quarter. Hedge funds and other institutional investors own 97.27% of the company’s stock.
ManpowerGroup Price Performance
Shares of MAN stock opened at $80.89 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.85 and a beta of 1.67. ManpowerGroup Inc. has a twelve month low of $64.00 and a twelve month high of $101.53. The stock has a fifty day simple moving average of $86.90 and a two-hundred day simple moving average of $80.86.
Insider Buying and Selling
In related news, Director Ulice Payne, Jr. sold 780 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $89.09, for a total transaction of $69,490.20. Following the completion of the sale, the director now directly owns 9,720 shares in the company, valued at approximately $865,954.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ulice Payne, Jr. sold 780 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $89.09, for a total transaction of $69,490.20. Following the completion of the sale, the director now directly owns 9,720 shares in the company, valued at approximately $865,954.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donald O. Mondano sold 2,500 shares of the company’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $85.50, for a total value of $213,750.00. Following the sale, the senior vice president now owns 5,440 shares of the company’s stock, valued at $465,120. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
MAN has been the topic of a number of research analyst reports. BNP Paribas assumed coverage on ManpowerGroup in a report on Thursday, January 5th. They issued an “outperform” rating and a $95.00 price target on the stock. TheStreet raised ManpowerGroup from a “c+” rating to a “b-” rating in a report on Monday, November 21st. The Goldman Sachs Group boosted their target price on ManpowerGroup from $64.00 to $73.00 and gave the company a “sell” rating in a research report on Monday, December 5th. Robert W. Baird boosted their target price on ManpowerGroup from $94.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Finally, Truist Financial upped their price objective on ManpowerGroup from $80.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $82.22.
ManpowerGroup Company Profile
ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices.
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