Clear Harbor Asset Management LLC Invests $323,000 in ManpowerGroup Inc. $MAN

Clear Harbor Asset Management LLC bought a new position in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,551 shares of the business services provider’s stock, valued at approximately $323,000.

Other hedge funds have also recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its position in ManpowerGroup by 1.4% during the second quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider’s stock valued at $869,000 after buying an additional 296 shares in the last quarter. Cetera Investment Advisers increased its position in shares of ManpowerGroup by 3.6% in the second quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider’s stock worth $408,000 after acquiring an additional 348 shares in the last quarter. Quarry LP raised its stake in shares of ManpowerGroup by 55.3% in the 4th quarter. Quarry LP now owns 1,034 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 368 shares during the period. Empowered Funds LLC raised its stake in shares of ManpowerGroup by 3.2% in the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after acquiring an additional 414 shares during the period. Finally, State of Wyoming lifted its holdings in shares of ManpowerGroup by 7.6% during the 2nd quarter. State of Wyoming now owns 6,197 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

Shares of MAN stock opened at $61.55 on Monday. The firm has a fifty day simple moving average of $46.41 and a 200-day simple moving average of $35.45. The company has a market capitalization of $2.86 billion, a PE ratio of 27.98 and a beta of 0.67. ManpowerGroup Inc. has a twelve month low of $25.15 and a twelve month high of $62.45. 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 – Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share (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 firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the previous year, the firm posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Equities research analysts anticipate that ManpowerGroup Inc. will post 3.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MAN has been the subject of a number of research reports. The Goldman Sachs Group upped their price target on shares of ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Truist Financial raised their price objective on ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Wall Street Zen upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. BMO Capital Markets upped their target price on ManpowerGroup from $49.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, Barclays increased their target price on ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $53.50.

Get Our Latest Report on MAN

About ManpowerGroup

(Free Report)

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.

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