Congress Wealth Management LLC DE Has $386,000 Position in ManpowerGroup Inc. (NYSE:MAN)

Congress Wealth Management LLC DE reduced its position in ManpowerGroup Inc. (NYSE:MAN) by 62.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,680 shares of the business services provider’s stock after selling 11,130 shares during the period. Congress Wealth Management LLC DE’s holdings in ManpowerGroup were worth $386,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. bought a new stake in ManpowerGroup during the 4th quarter worth about $750,000. KLP Kapitalforvaltning AS bought a new stake in shares of ManpowerGroup during the 4th quarter valued at $975,000. AXQ Capital LP acquired a new position in shares of ManpowerGroup in the 4th quarter valued at $812,000. American Century Companies Inc. grew its stake in shares of ManpowerGroup by 104.4% during the fourth quarter. American Century Companies Inc. now owns 38,055 shares of the business services provider’s stock worth $2,197,000 after purchasing an additional 19,434 shares during the period. Finally, Quantbot Technologies LP increased its holdings in ManpowerGroup by 772.6% in the fourth quarter. Quantbot Technologies LP now owns 93,995 shares of the business services provider’s stock valued at $5,425,000 after purchasing an additional 83,223 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of MAN stock opened at $58.75 on Friday. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87. The company’s fifty day simple moving average is $58.26 and its 200-day simple moving average is $62.04. The firm has a market cap of $2.75 billion, a PE ratio of 19.65 and a beta of 1.43. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MAN shares. Barclays lowered their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group decreased their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Truist Financial reaffirmed a “hold” rating and set a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $69.33.

ManpowerGroup 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.