Connor Clark & Lunn Investment Management Ltd. Makes New Investment in ManpowerGroup Inc. $MAN

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ManpowerGroup Inc. (NYSE:MAN) during the second quarter, HoldingsChannel reports. The firm acquired 474,059 shares of the business services provider’s stock, valued at approximately $16,009,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MAN. BlackRock Inc. acquired a new stake in shares of ManpowerGroup during the second quarter worth about $265,921,000. AQR Capital Management LLC grew its holdings in shares of ManpowerGroup by 60.3% during the third 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 last quarter. Schroder Investment Management Group increased its position in ManpowerGroup by 24.6% in the 4th quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider’s stock valued at $66,817,000 after acquiring an additional 443,790 shares during the period. Quantinno Capital Management LP increased its position 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 acquiring an additional 1,259,752 shares during the period. Finally, State Street Corp raised its stake in ManpowerGroup by 2.0% during the 4th quarter. State Street Corp now owns 1,616,447 shares of the business services provider’s stock valued at $48,057,000 after acquiring an additional 31,749 shares during the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings raised ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group boosted their target price on ManpowerGroup from $36.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Barclays upped their price target on ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. UBS Group increased their price target on ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Finally, BMO Capital Markets lifted their price objective on shares of ManpowerGroup from $49.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.50.

ManpowerGroup Trading Up 1.3%

NYSE:MAN opened at $62.16 on Wednesday. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $62.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day moving average price of $47.53 and a two-hundred day moving average price of $35.82. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 28.25 and a beta of 0.67.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same period in the previous 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 anticipate that ManpowerGroup Inc. will post 3.62 earnings per share for the current fiscal year.

ManpowerGroup Company 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.