ManpowerGroup Inc. (MAN) Shares Bought by Vident Investment Advisory LLC

Vident Investment Advisory LLC boosted its position in ManpowerGroup Inc. (NYSE:MAN) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,024 shares of the business services provider’s stock after purchasing an additional 1,584 shares during the period. Vident Investment Advisory LLC’s holdings in ManpowerGroup were worth $3,282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado lifted its stake in ManpowerGroup by 3.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 13,756 shares of the business services provider’s stock valued at $1,735,000 after purchasing an additional 427 shares during the last quarter. Profund Advisors LLC lifted its stake in ManpowerGroup by 6.2% in the fourth quarter. Profund Advisors LLC now owns 7,635 shares of the business services provider’s stock valued at $963,000 after purchasing an additional 447 shares during the last quarter. Rhumbline Advisers lifted its stake in ManpowerGroup by 0.4% in the third quarter. Rhumbline Advisers now owns 124,354 shares of the business services provider’s stock valued at $14,651,000 after purchasing an additional 465 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in ManpowerGroup by 26.6% in the third quarter. Pinebridge Investments L.P. now owns 2,735 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 574 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in ManpowerGroup by 5.2% in the third quarter. Pacer Advisors Inc. now owns 11,708 shares of the business services provider’s stock valued at $1,379,000 after purchasing an additional 578 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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Several research firms have issued reports on MAN. Argus increased their target price on ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, March 8th. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Monday, February 5th. BMO Capital Markets dropped their target price on ManpowerGroup to $136.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. ValuEngine upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank restated a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a research report on Tuesday, January 9th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ManpowerGroup currently has a consensus rating of “Hold” and an average price target of $124.88.

Shares of ManpowerGroup Inc. (NYSE:MAN) opened at $122.32 on Friday. The stock has a market capitalization of $8,092.81, a price-to-earnings ratio of 17.30 and a beta of 1.34. ManpowerGroup Inc. has a 12-month low of $97.15 and a 12-month high of $136.93. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.17.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.54 billion. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.87 earnings per share. sell-side analysts forecast that ManpowerGroup Inc. will post 8.96 EPS for the current year.

In other news, COO Darryl Green sold 10,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $117.26, for a total value of $1,172,600.00. Following the transaction, the chief operating officer now owns 21,233 shares of the company’s stock, valued at $2,489,781.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Richard Buchband sold 1,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $118.49, for a total transaction of $118,490.00. Following the completion of the transaction, the senior vice president now directly owns 8,457 shares in the company, valued at approximately $1,002,069.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,547 shares of company stock worth $6,842,051. Insiders own 0.87% of the company’s stock.

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ManpowerGroup 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.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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