Advisors Asset Management Inc. held its position in ManpowerGroup Inc. (NYSE:MAN) during the second quarter, Holdings Channel reports. The firm owned 1,900 shares of the company’s stock at the end of the second quarter. Advisors Asset Management Inc.’s holdings in ManpowerGroup were worth $122,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bayesian Capital Management LP purchased a new stake in shares of ManpowerGroup during the first quarter worth about $212,000. Synovus Financial Corp boosted its stake in shares of ManpowerGroup by 0.5% in the second quarter. Synovus Financial Corp now owns 3,361 shares of the company’s stock worth $219,000 after buying an additional 18 shares during the period. CENTRAL TRUST Co boosted its stake in shares of ManpowerGroup by 1.6% in the second quarter. CENTRAL TRUST Co now owns 3,718 shares of the company’s stock worth $239,000 after buying an additional 60 shares during the period. Bancorpsouth Inc. boosted its stake in shares of ManpowerGroup by 6.4% in the second quarter. Bancorpsouth Inc. now owns 3,972 shares of the company’s stock worth $256,000 after buying an additional 239 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of ManpowerGroup by 19,388.0% in the second quarter. Acadian Asset Management LLC now owns 4,872 shares of the company’s stock worth $313,000 after buying an additional 4,847 shares during the period. Institutional investors and hedge funds own 95.10% of the company’s stock.
ManpowerGroup Inc. (NYSE:MAN) traded down 1.46% during midday trading on Friday, hitting $73.08. 469,349 shares of the stock traded hands. The stock has a 50-day moving average of $70.81 and a 200 day moving average of $73.58. The firm has a market cap of $5.01 billion, a PE ratio of 12.49 and a beta of 1.83. ManpowerGroup Inc. has a 52-week low of $57.26 and a 52-week high of $93.34.
ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, July 21st. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.08. ManpowerGroup had a net margin of 2.23% and a return on equity of 17.19%. The firm earned $5 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the business posted $1.33 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that ManpowerGroup Inc. will post $5.90 EPS for the current year.
MAN has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $81.00 price objective on shares of ManpowerGroup in a research note on Tuesday, September 27th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $85.00 target price on shares of ManpowerGroup in a research note on Friday, August 26th. Nomura reaffirmed a “buy” rating and set a $97.00 target price (down from $102.00) on shares of ManpowerGroup in a research note on Friday, July 22nd. Bank of America Corp. cut shares of ManpowerGroup from a “neutral” rating to an “underperform” rating in a research note on Friday, June 24th. Finally, Macquarie initiated coverage on shares of ManpowerGroup in a research note on Thursday, August 25th. They set an “outperform” rating and a $86.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $82.83.
In related news, EVP Handel Michael J. Van sold 57,348 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $70.13, for a total value of $4,021,815.24. Following the completion of the sale, the executive vice president now owns 40,931 shares of the company’s stock, valued at approximately $2,870,491.03. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Handel Michael J. Van sold 31,855 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $69.77, for a total transaction of $2,222,523.35. Following the completion of the sale, the executive vice president now directly owns 31,378 shares of the company’s stock, valued at approximately $2,189,243.06. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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