Huntington National Bank held its stake in ManpowerGroup Inc. (NYSE:MAN) during the second quarter, Holdings Channel reports. The fund owned 1,242 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in ManpowerGroup were worth $107,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in ManpowerGroup during the second quarter worth $13,946,000. Daiwa Securities Group Inc. boosted its stake in ManpowerGroup by 194.4% in the second quarter. Daiwa Securities Group Inc. now owns 5,300 shares of the company’s stock worth $341,000 after buying an additional 3,500 shares in the last quarter. Geode Capital Management LLC boosted its stake in ManpowerGroup by 3.5% in the first quarter. Geode Capital Management LLC now owns 460,817 shares of the company’s stock worth $37,501,000 after buying an additional 15,743 shares in the last quarter. Natixis acquired a new stake in ManpowerGroup during the first quarter worth $16,911,000. Finally, Springbok Capital Management LLC boosted its stake in ManpowerGroup by 712.2% in the first quarter. Springbok Capital Management LLC now owns 8,650 shares of the company’s stock worth $704,000 after buying an additional 7,585 shares in the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.
Shares of ManpowerGroup Inc. (NYSE:MAN) traded up 1.22% during mid-day trading on Monday, reaching $73.97. The company had a trading volume of 781,458 shares. The stock has a 50 day moving average of $70.81 and a 200-day moving average of $73.58. ManpowerGroup Inc. has a one year low of $57.26 and a one year high of $93.34. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 12.64 and a beta of 1.82.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.60 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 business earned $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Equities analysts predict that ManpowerGroup Inc. will post $5.90 EPS for the current year.
MAN has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $81.00 price target on shares of ManpowerGroup in a report on Tuesday, September 27th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $85.00 price objective on shares of ManpowerGroup in a research report on Friday, August 26th. Nomura reiterated a “buy” rating and issued a $97.00 price objective (down from $102.00) on shares of ManpowerGroup in a research report on Friday, July 22nd. Bank of America Corp. lowered ManpowerGroup from a “neutral” rating to an “underperform” rating in a research report on Friday, June 24th. Finally, Macquarie started coverage on ManpowerGroup in a research report on Thursday, August 25th. They issued an “outperform” rating and a $86.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $82.83.
In other news, EVP Handel Michael J. Van sold 57,348 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $70.13, for a total transaction of $4,021,815.24. Following the completion of the transaction, the executive vice president now directly owns 40,931 shares in the company, valued at $2,870,491.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Handel Michael J. Van sold 31,855 shares of the company’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 transaction, the executive vice president now owns 31,378 shares of the company’s stock, valued at $2,189,243.06. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
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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