BancorpSouth Bank acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,017 shares of the business services provider’s stock, valued at approximately $380,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Schroder Investment Management Group bought a new position in shares of ManpowerGroup during the fourth quarter worth about $113,000. National Pension Service bought a new position in shares of ManpowerGroup during the fourth quarter worth about $165,000. Tower Research Capital LLC TRC raised its position in shares of ManpowerGroup by 678.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock worth $171,000 after acquiring an additional 1,180 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of ManpowerGroup during the fourth quarter worth about $202,000. Finally, Calamos Advisors LLC bought a new position in shares of ManpowerGroup during the third quarter worth about $203,000. Institutional investors own 94.91% of the company’s stock.
Shares of ManpowerGroup Inc. (NYSE MAN) opened at $120.10 on Wednesday. ManpowerGroup Inc. has a one year low of $97.02 and a one year high of $136.93. The company has a market capitalization of $7,960.00, a P/E ratio of 17.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.28.
In related news, EVP Mara E. Swan sold 7,127 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $118.84, for a total transaction of $846,972.68. Following the completion of the sale, the executive vice president now owns 27,986 shares of the company’s stock, valued at $3,325,856.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward J. Zore sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $127.00, for a total value of $1,270,000.00. Following the completion of the sale, the director now directly owns 29,876 shares of the company’s stock, valued at approximately $3,794,252. The disclosure for this sale can be found here. Insiders have sold 20,127 shares of company stock valued at $2,499,593 in the last ninety days. 0.87% of the stock is currently owned by insiders.
MAN has been the subject of a number of analyst reports. ValuEngine upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Thursday, January 11th. BMO Capital Markets decreased their target price on ManpowerGroup to $136.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a research note on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $124.50.
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ManpowerGroup Company Profile
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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