AGF Management Ltd. Has $2.31 Million Stake in ManpowerGroup Inc. (NYSE:MAN)

AGF Management Ltd. decreased its holdings in ManpowerGroup Inc. (NYSE:MAN) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,932 shares of the business services provider’s stock after selling 2,506 shares during the quarter. AGF Management Ltd. owned 0.09% of ManpowerGroup worth $2,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp acquired a new stake in ManpowerGroup in the 4th quarter worth about $35,000. SRS Capital Advisors Inc. raised its stake in ManpowerGroup by 171.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after purchasing an additional 562 shares in the last quarter. Blue Trust Inc. raised its stake in ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after purchasing an additional 778 shares in the last quarter. R Squared Ltd acquired a new stake in ManpowerGroup in the 4th quarter worth about $95,000. Finally, PNC Financial Services Group Inc. raised its position in shares of ManpowerGroup by 34.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock valued at $133,000 after buying an additional 587 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MAN shares. Truist Financial restated a “hold” rating and issued a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Barclays decreased their price target 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. UBS Group decreased their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their price target 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.33.

ManpowerGroup Trading Up 3.1 %

MAN opened at $60.27 on Friday. ManpowerGroup Inc. has a fifty-two week low of $53.31 and a fifty-two week high of $78.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 20.16 and a beta of 1.43. The company’s 50 day moving average price is $57.79 and its two-hundred day moving average price is $63.10.

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.