ManpowerGroup Inc. (MAN) Stake Lifted by Pinebridge Investments L.P.

Pinebridge Investments L.P. lifted its holdings in ManpowerGroup Inc. (NYSE:MAN) by 827.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,358 shares of the business services provider’s stock after acquiring an additional 22,623 shares during the quarter. Pinebridge Investments L.P.’s holdings in ManpowerGroup were worth $3,198,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement Association of Colorado boosted its holdings in shares of ManpowerGroup by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 13,756 shares of the business services provider’s stock worth $1,735,000 after acquiring an additional 427 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of ManpowerGroup by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 124,354 shares of the business services provider’s stock worth $14,651,000 after acquiring an additional 465 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of ManpowerGroup by 0.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,819 shares of the business services provider’s stock worth $6,459,000 after acquiring an additional 483 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of ManpowerGroup by 5.2% in the 3rd quarter. Pacer Advisors Inc. now owns 11,708 shares of the business services provider’s stock worth $1,379,000 after acquiring an additional 578 shares in the last quarter. Finally, ETRADE Capital Management LLC boosted its holdings in shares of ManpowerGroup by 20.0% in the 3rd quarter. ETRADE Capital Management LLC now owns 3,506 shares of the business services provider’s stock worth $413,000 after acquiring an additional 585 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Inc. (NYSE MAN) opened at $121.92 on Monday. ManpowerGroup Inc. has a 1-year low of $95.31 and a 1-year high of $136.93. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $8,079.46, a price-to-earnings ratio of 15.11 and a beta of 1.29.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.07. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The firm 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 business earned $1.87 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. equities analysts expect that ManpowerGroup Inc. will post 8.96 earnings per share for the current year.

In other ManpowerGroup news, Director Patricia Hemingway Hall sold 3,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $127.54, for a total transaction of $382,620.00. Following the completion of the sale, the director now owns 4,021 shares in the company, valued at approximately $512,838.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward J. Zore sold 10,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $127.00, for a total transaction of $1,270,000.00. Following the sale, the director now owns 29,876 shares of the company’s stock, valued at approximately $3,794,252. The disclosure for this sale can be found here. Insiders have sold a total of 20,127 shares of company stock valued at $2,499,593 in the last quarter. Corporate insiders own 0.87% of the company’s stock.

Several research analysts have recently commented on the company. ValuEngine raised ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank reissued a “hold” rating and issued a $110.00 target price on shares of ManpowerGroup in a report on Tuesday, January 9th. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Thursday, January 11th. Argus boosted their target price on ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $126.00 price objective (up previously from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $124.50.

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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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