Raymond James & Associates Decreases Holdings in ManpowerGroup (MAN)

Raymond James & Associates reduced its stake in ManpowerGroup (NYSE:MAN) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,309 shares of the business services provider’s stock after selling 10,097 shares during the period. Raymond James & Associates’ holdings in ManpowerGroup were worth $11,641,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Public Employees Retirement Association of Colorado boosted 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 acquiring an additional 427 shares during the period. Profund Advisors LLC boosted 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 acquiring an additional 447 shares during the period. Rhumbline Advisers boosted its stake in ManpowerGroup by 0.4% in the fourth quarter. Rhumbline Advisers now owns 124,904 shares of the business services provider’s stock valued at $15,752,000 after acquiring an additional 550 shares during the period. Pinebridge Investments L.P. boosted 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 acquiring an additional 574 shares during the period. Finally, ETRADE Capital Management LLC boosted its stake in ManpowerGroup by 20.0% in the third quarter. ETRADE Capital Management LLC now owns 3,506 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 585 shares during the period. Institutional investors own 94.27% of the company’s stock.

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In related news, COO Darryl Green sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $117.26, for a total transaction of $1,172,600.00. Following the sale, the chief operating officer now owns 21,233 shares of the company’s stock, valued at $2,489,781.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mara E. Swan sold 7,127 shares of the business’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 value of $846,972.68. Following the sale, the executive vice president now directly owns 27,986 shares in the company, valued at approximately $3,325,856.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,547 shares of company stock valued at $6,842,051. Insiders own 1.02% of the company’s stock.

MAN has been the subject of a number of research reports. Deutsche Bank restated a “hold” rating and issued a $110.00 target price on shares of ManpowerGroup in a research note on Tuesday, January 9th. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Thursday, January 11th. ValuEngine upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets reduced their price objective on ManpowerGroup to $136.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Finally, Argus boosted their price objective on ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, March 8th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $124.88.

MAN stock opened at $111.58 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $7,662.16, a P/E ratio of 16.38 and a beta of 1.34. ManpowerGroup has a 52-week low of $97.15 and a 52-week high of $136.93.

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

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About ManpowerGroup

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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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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