ManpowerGroup Inc. (NYSE:MAN) Shares Bought by Strs Ohio

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Strs Ohio grew its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 155.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,029 shares of the business services provider’s stock after purchasing an additional 11,594 shares during the period. Strs Ohio’s holdings in ManpowerGroup were worth $1,308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC grew its holdings in ManpowerGroup by 220.6% during the first quarter. FinTrust Capital Advisors LLC now owns 497 shares of the business services provider’s stock worth $26,000 after acquiring an additional 342 shares during the period. Van ECK Associates Corp grew its holdings in ManpowerGroup by 10.2% during the first quarter. Van ECK Associates Corp now owns 2,647 shares of the business services provider’s stock worth $140,000 after acquiring an additional 244 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in ManpowerGroup by 130.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,036 shares of the business services provider’s stock worth $161,000 after acquiring an additional 1,720 shares during the period. AGF Investments Inc. acquired a new position in ManpowerGroup during the first quarter worth about $200,000. Finally, Caxton Associates LP acquired a new position in ManpowerGroup during the first quarter worth about $231,000. 92.66% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on ManpowerGroup from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Robert W. Baird lifted their target price on ManpowerGroup from $70.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Zacks Investment Research upgraded ManpowerGroup from a “strong sell” rating to a “hold” rating and set a $79.00 price objective on the stock in a report on Wednesday, May 27th. CL King reduced their price objective on shares of ManpowerGroup from $107.00 to $80.00 in a research note on Tuesday, April 7th. Finally, Goldman Sachs Group downgraded shares of ManpowerGroup from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $57.00 to $54.00 in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $76.10.

MAN stock opened at $68.79 on Friday. ManpowerGroup Inc. has a 52-week low of $49.57 and a 52-week high of $100.99. The company’s 50 day simple moving average is $69.57 and its 200-day simple moving average is $74.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.50 and a quick ratio of 1.49. The firm has a market capitalization of $4.06 billion, a P/E ratio of 18.69, a P/E/G ratio of 17.50 and a beta of 2.03.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Monday, July 20th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.63 billion. ManpowerGroup had a net margin of 1.18% and a return on equity of 11.35%. The firm’s revenue was down 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.11 earnings per share. Sell-side analysts predict that ManpowerGroup Inc. will post 2.65 EPS for the current fiscal year.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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