Ieq Capital LLC Invests $1.50 Million in ManpowerGroup Inc. $MAN

Ieq Capital LLC purchased a new stake in ManpowerGroup Inc. (NYSE:MAN) in the second quarter, Holdings Channel reports. The firm purchased 44,493 shares of the business services provider’s stock, valued at approximately $1,503,000.

Several other institutional investors and hedge funds have also made changes to their positions in MAN. Quarry LP bought a new position in ManpowerGroup during the third quarter worth $25,000. Global Retirement Partners LLC bought a new stake in ManpowerGroup during the second quarter valued at $30,000. Caitong International Asset Management Co. Ltd bought a new stake in ManpowerGroup during the third quarter valued at $30,000. Fifth Third Bancorp raised its holdings in shares of ManpowerGroup by 637.7% during the fourth quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider’s stock worth $33,000 after purchasing an additional 963 shares during the period. Finally, Elevation Wealth Partners LLC raised its holdings in shares of ManpowerGroup by 2,007.4% during the second quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider’s stock worth $38,000 after purchasing an additional 1,084 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Trading Down 0.5%

ManpowerGroup stock opened at $61.75 on Thursday. ManpowerGroup Inc. has a 52-week low of $25.15 and a 52-week high of $62.96. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 28.07 and a beta of 0.67. The firm has a 50-day moving average price of $48.08 and a two-hundred day moving average price of $35.99.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.72 billion. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. During the same quarter last year, the business earned ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Sell-side analysts expect that ManpowerGroup Inc. will post 3.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Truist Financial raised their target price on shares of ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a 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. Robert W. Baird upped their target price on ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, The Goldman Sachs Group increased their price target on ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.50.

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.