Magnetar Financial LLC Invests $888,000 in ManpowerGroup Inc. (NYSE:MAN)

Magnetar Financial LLC acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN) in the 4th quarter, HoldingsChannel reports. The fund acquired 15,385 shares of the business services provider’s stock, valued at approximately $888,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. WFA Asset Management Corp purchased a new position in ManpowerGroup during the 4th quarter worth approximately $35,000. SRS Capital Advisors Inc. grew its stake in ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after buying an additional 562 shares during the last quarter. Blue Trust Inc. grew its stake in ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after buying an additional 778 shares during the last quarter. R Squared Ltd purchased a new position in ManpowerGroup during the 4th quarter worth approximately $95,000. Finally, PNC Financial Services Group Inc. grew its stake in ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock worth $133,000 after buying an additional 587 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on MAN. Barclays dropped their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. UBS Group decreased their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Truist Financial reiterated a “hold” rating and set a $70.00 target price (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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Stock Performance

NYSE MAN opened at $57.68 on Friday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.29 and a beta of 1.43. The business’s 50 day moving average is $58.22 and its two-hundred day moving average is $62.53. ManpowerGroup Inc. has a 12-month low of $53.31 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.