ManpowerGroup (MAN) Holdings Trimmed by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its stake in shares of ManpowerGroup (NYSE:MAN) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,200 shares of the business services provider’s stock after selling 3,950 shares during the period. Macquarie Group Ltd. owned 0.07% of ManpowerGroup worth $4,935,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Synovus Financial Corp raised its holdings in ManpowerGroup by 0.3% in the 2nd quarter. Synovus Financial Corp now owns 3,273 shares of the business services provider’s stock valued at $360,000 after acquiring an additional 9 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in ManpowerGroup by 0.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 17,669 shares of the business services provider’s stock valued at $1,973,000 after acquiring an additional 46 shares during the last quarter. Global X Management Co. LLC raised its holdings in ManpowerGroup by 2.1% in the 2nd quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 59 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in ManpowerGroup by 0.9% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 7,365 shares of the business services provider’s stock valued at $755,000 after acquiring an additional 65 shares during the last quarter. Finally, Horizon Investment Services LLC raised its holdings in ManpowerGroup by 3.3% in the 1st quarter. Horizon Investment Services LLC now owns 2,969 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.



Shares of ManpowerGroup (NYSE MAN) traded up 0.50% during midday trading on Friday, hitting $125.37. 623,506 shares of the stock were exchanged. The stock’s 50 day moving average is $118.63 and its 200 day moving average is $109.77. ManpowerGroup has a 12-month low of $75.29 and a 12-month high of $125.66. The firm has a market cap of $8.37 billion, a P/E ratio of 19.18 and a beta of 1.40.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.08. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.41 billion. During the same quarter last year, the business earned $1.87 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that ManpowerGroup will post $6.90 earnings per share for the current fiscal year.

Several analysts have recently issued reports on MAN shares. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $111.00 price target (up from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. BMO Capital Markets upped their price target on shares of ManpowerGroup from $113.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Northcoast Research reaffirmed a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $111.00 price objective (up from $106.00) on shares of ManpowerGroup in a research report on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $126.71.

In other news, Director Gina Boswell sold 7,725 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $123.96, for a total transaction of $957,591.00. Following the completion of the sale, the director now owns 6,601 shares of the company’s stock, valued at approximately $818,259.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mara E. Swan sold 16,575 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $107.18, for a total transaction of $1,776,508.50. Following the sale, the executive vice president now directly owns 32,136 shares of the company’s stock, valued at approximately $3,444,336.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,524 shares of company stock valued at $4,051,233. Company 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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