Squar Milner Financial Services LLC acquired a new stake in ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,059 shares of the business services provider’s stock, valued at approximately $277,000.
Other institutional investors have also made changes to their positions in the company. National Pension Service bought a new position in ManpowerGroup in the 4th quarter valued at $165,000. Calamos Advisors LLC bought a new position in ManpowerGroup in the 3rd quarter valued at $203,000. Bank of Hawaii bought a new position in ManpowerGroup in the 3rd quarter valued at $207,000. Mckinley Capital Management LLC Delaware bought a new position in ManpowerGroup in the 3rd quarter valued at $221,000. Finally, Assetmark Inc. grew its position in ManpowerGroup by 1,268.1% in the 3rd quarter. Assetmark Inc. now owns 1,888 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 1,750 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.
In related news, Director Patricia Hemingway Hall sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $127.54, for a total transaction of $382,620.00. Following the sale, the director now owns 4,021 shares of the company’s stock, valued at $512,838.34. 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 firm’s stock in a transaction dated Tuesday, February 13th. The shares were 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. Insiders have sold a total of 20,127 shares of company stock worth $2,499,593 in the last three months. Corporate insiders own 0.87% of the company’s stock.
Several equities analysts have commented on MAN shares. Deutsche Bank reaffirmed a “hold” rating and issued a $110.00 price objective on shares of ManpowerGroup in a research report on Tuesday, January 9th. BMO Capital Markets cut their price objective on ManpowerGroup to $136.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Zacks Investment Research downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $126.00 price objective (up previously from $111.00) on shares of ManpowerGroup in a research report on Monday, October 23rd. Finally, ValuEngine raised ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $124.50.
ManpowerGroup Inc. (NYSE:MAN) opened at $122.87 on Friday. ManpowerGroup Inc. has a 12-month low of $95.31 and a 12-month high of $136.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.28. The stock has a market capitalization of $8,149.04, a price-to-earnings ratio of 17.39 and a beta of 1.29.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the prior year, the company earned $1.87 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. research analysts forecast that ManpowerGroup Inc. will post 8.96 earnings per share for the current fiscal year.
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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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