Bank of Nova Scotia Purchases 458 Shares of ManpowerGroup Inc. (NYSE:MAN)

Bank of Nova Scotia grew its position in ManpowerGroup Inc. (NYSE:MAN) by 8.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,676 shares of the business services provider’s stock after purchasing an additional 458 shares during the quarter. Bank of Nova Scotia’s holdings in ManpowerGroup were worth $328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WFA Asset Management Corp bought a new position in ManpowerGroup during the 4th quarter worth about $35,000. SRS Capital Advisors Inc. increased its holdings in ManpowerGroup by 171.3% during 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. raised its stake in ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after buying an additional 778 shares in the last quarter. R Squared Ltd purchased a new stake in ManpowerGroup during the fourth quarter worth $95,000. Finally, PNC Financial Services Group Inc. boosted its position in 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 valued at $133,000 after acquiring an additional 587 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Down 2.7 %

Shares of MAN stock opened at $50.35 on Wednesday. ManpowerGroup Inc. has a fifty-two week low of $47.29 and a fifty-two week high of $78.87. The firm has a market capitalization of $2.35 billion, a PE ratio of 16.84 and a beta of 1.28. 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’s 50-day simple moving average is $56.28 and its 200-day simple moving average is $60.18.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAN. UBS Group dropped their price objective on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Truist Financial reduced their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set a “hold” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Barclays raised ManpowerGroup from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.00.

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.