Congress Wealth Management LLC DE Sells 11,130 Shares of ManpowerGroup Inc. (NYSE:MAN)

Congress Wealth Management LLC DE trimmed its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 62.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,680 shares of the business services provider’s stock after selling 11,130 shares during the period. Congress Wealth Management LLC DE’s holdings in ManpowerGroup were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp bought a new stake in shares of ManpowerGroup in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. raised its stake in ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after buying an additional 562 shares during the period. Blue Trust Inc. lifted its position in shares of ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after buying an additional 778 shares during the last quarter. R Squared Ltd bought a new position in shares of ManpowerGroup during the 4th quarter worth approximately $95,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock worth $133,000 after acquiring an additional 587 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Down 1.0 %

MAN opened at $58.75 on Friday. 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 $58.26 and a 200-day moving average of $62.04. ManpowerGroup Inc. has a fifty-two week low of $53.31 and a fifty-two week high of $78.87. The company has a market capitalization of $2.75 billion, a P/E ratio of 19.65 and a beta of 1.43.

Analyst Ratings Changes

Several brokerages have issued reports on MAN. UBS Group cut their price target on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays cut their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. Truist Financial reiterated a “hold” rating and issued a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.33.

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.