Wealth Enhancement Advisory Services LLC Decreases Stake in ManpowerGroup Inc. $MAN

Wealth Enhancement Advisory Services LLC reduced its holdings in ManpowerGroup Inc. (NYSE:MAN) by 48.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,869 shares of the business services provider’s stock after selling 21,353 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in ManpowerGroup were worth $703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Quarry LP purchased a new position in ManpowerGroup in the third quarter worth approximately $25,000. GAMMA Investing LLC grew its stake in shares of ManpowerGroup by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock worth $30,000 after purchasing an additional 406 shares during the period. True Wealth Design LLC grew its stake in shares of ManpowerGroup by 72.5% during the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock worth $30,000 after purchasing an additional 337 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of ManpowerGroup during the 3rd quarter worth $30,000. Finally, UMB Bank n.a. grew its stake in shares of ManpowerGroup by 122.2% during the 3rd quarter. UMB Bank n.a. now owns 991 shares of the business services provider’s stock worth $38,000 after purchasing an additional 545 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on MAN. The Goldman Sachs Group raised shares of ManpowerGroup from a “sell” rating to a “neutral” rating and set a $30.00 price objective on the stock in a research note on Wednesday, March 18th. Wall Street Zen lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. UBS Group set a $35.00 price objective on shares of ManpowerGroup in a report on Friday, January 30th. Argus upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, February 3rd. Finally, BMO Capital Markets raised shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.25.

ManpowerGroup Stock Performance

MAN stock opened at $27.87 on Thursday. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $53.30. The stock’s fifty day moving average is $29.34 and its two-hundred day moving average is $30.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -92.89 and a beta of 0.84.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.63 billion. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.ManpowerGroup’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. On average, research analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Profile

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.