Alexander Randolph Advisory Inc. Boosts Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Alexander Randolph Advisory Inc. lifted its stake in ManpowerGroup Inc. (NYSE:MAN) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,148 shares of the business services provider’s stock after purchasing an additional 545 shares during the period. ManpowerGroup comprises about 1.8% of Alexander Randolph Advisory Inc.’s holdings, making the stock its 18th largest holding. Alexander Randolph Advisory Inc. owned about 0.07% of ManpowerGroup worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of MAN. WFA Asset Management Corp acquired a new position in ManpowerGroup during the 4th quarter worth approximately $35,000. Blue Trust Inc. lifted its holdings in shares of ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 375 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of ManpowerGroup in the 3rd quarter valued at about $54,000. R Squared Ltd purchased a new stake in ManpowerGroup in the fourth quarter valued at approximately $95,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of ManpowerGroup by 400.3% in the third quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 1,333 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Ratings Changes

MAN has been the topic of a number of recent research reports. Barclays cut their target price 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. Truist Financial reaffirmed a “hold” rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. 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 report on Friday, January 31st. Finally, UBS Group cut their price target on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Stock Performance

NYSE MAN opened at $53.73 on Friday. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 17.97 and a beta of 1.45. The business’s 50 day moving average is $57.55 and its two-hundred day moving average is $64.28. ManpowerGroup Inc. has a 12-month low of $53.67 and a 12-month high of $78.87. 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 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.