ManpowerGroup Inc. (NYSE:MAN) Stock Holdings Decreased by Alberta Investment Management Corp

Alberta Investment Management Corp lessened its position in ManpowerGroup Inc. (NYSE:MAN) by 55.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,600 shares of the business services provider’s stock after selling 27,223 shares during the quarter. Alberta Investment Management Corp’s holdings in ManpowerGroup were worth $1,247,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAN. Merit Financial Group LLC acquired a new stake in ManpowerGroup during the 4th quarter valued at $241,000. BNP Paribas Financial Markets lifted its stake in ManpowerGroup by 168.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock worth $2,199,000 after acquiring an additional 18,764 shares in the last quarter. Sanctuary Advisors LLC boosted its position in ManpowerGroup by 39.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock worth $570,000 after acquiring an additional 2,208 shares during the period. FORA Capital LLC acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at about $636,000. Finally, National Bank of Canada FI acquired a new stake in shares of ManpowerGroup during the third quarter worth approximately $1,250,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

ManpowerGroup Stock Down 2.2 %

ManpowerGroup stock opened at $53.73 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 1-year low of $53.67 and a 1-year high of $78.87. The firm’s fifty day simple moving average is $57.55 and its 200-day simple moving average is $64.32. The company has a market capitalization of $2.52 billion, a P/E ratio of 17.97 and a beta of 1.45.

About ManpowerGroup

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.