Pzena Investment Management LLC Takes Position in ManpowerGroup Inc. $MAN

Pzena Investment Management LLC bought a new position in shares of ManpowerGroup Inc. (NYSE:MAN) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 351,121 shares of the business services provider’s stock, valued at approximately $11,857,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of ManpowerGroup in the second quarter valued at approximately $265,921,000. AQR Capital Management LLC boosted its holdings in shares of ManpowerGroup by 60.3% during the 3rd quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock worth $140,394,000 after buying an additional 1,393,622 shares during the period. Quantinno Capital Management LP grew its stake in ManpowerGroup by 235.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock valued at $52,850,000 after buying an additional 1,259,752 shares during the last quarter. Alberta Investment Management Corp acquired a new position in ManpowerGroup in the 2nd quarter valued at $33,702,000. Finally, Balyasny Asset Management L.P. grew its stake in ManpowerGroup by 696.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 991,063 shares of the business services provider’s stock valued at $40,039,000 after buying an additional 866,693 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Trading Down 2.7%

Shares of MAN stock opened at $56.72 on Tuesday. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $59.86. The firm’s fifty day simple moving average is $44.27 and its 200 day simple moving average is $34.71. The firm has a market capitalization of $2.64 billion, a P/E ratio of 25.78 and a beta of 0.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same period in the prior year, the firm earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, sell-side analysts predict that ManpowerGroup Inc. will post 3.62 EPS for the current year.

Analysts Set New Price Targets

MAN has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of ManpowerGroup from $49.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Barclays raised their price target on ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. The Goldman Sachs Group lifted their price objective on ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Weiss Ratings raised ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Robert W. Baird boosted their price objective on ManpowerGroup from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.50.

About ManpowerGroup

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.