ManpowerGroup Inc. (NYSE:MAN) Position Cut by Alberta Investment Management Corp

Alberta Investment Management Corp lowered its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 55.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,600 shares of the business services provider’s stock after selling 27,223 shares during the period. Alberta Investment Management Corp’s holdings in ManpowerGroup were worth $1,247,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup during the fourth quarter valued at $35,000. Blue Trust Inc. increased its stake in ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after buying an additional 375 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of ManpowerGroup during the 3rd quarter worth about $54,000. R Squared Ltd acquired a new stake in shares of ManpowerGroup in the 4th quarter worth approximately $95,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of ManpowerGroup by 400.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock worth $122,000 after acquiring an additional 1,333 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

MAN has been the topic of several recent analyst reports. 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. Barclays lowered their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. UBS Group cut their price objective on 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 target price (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued 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 Price Performance

Shares of NYSE:MAN opened at $53.73 on Friday. The company has a market capitalization of $2.52 billion, a PE ratio of 17.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The stock has a fifty day moving average of $57.55 and a 200-day moving average of $64.32. ManpowerGroup Inc. has a one year low of $53.67 and a one year high of $78.87.

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.