BlackRock Inc. decreased its position in ManpowerGroup Inc. (NYSE:MAN) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,633,483 shares of the business services provider’s stock after selling 190,069 shares during the quarter. BlackRock Inc. owned approximately 11.52% of ManpowerGroup worth $962,658,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Public Employees Retirement Association of Colorado lifted its holdings 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. Rhumbline Advisers raised its stake in shares of ManpowerGroup by 0.4% in the third quarter. Rhumbline Advisers now owns 124,354 shares of the business services provider’s stock worth $14,651,000 after buying an additional 465 shares during the period. Pinebridge Investments L.P. raised its stake in shares of ManpowerGroup by 26.6% in the third quarter. Pinebridge Investments L.P. now owns 2,735 shares of the business services provider’s stock worth $322,000 after buying an additional 574 shares during the period. Pacer Advisors Inc. raised its stake in shares of ManpowerGroup by 5.2% in the third quarter. Pacer Advisors Inc. now owns 11,708 shares of the business services provider’s stock worth $1,379,000 after buying an additional 578 shares during the period. Finally, ETRADE Capital Management LLC raised its stake in shares of ManpowerGroup by 20.0% in the third quarter. ETRADE Capital Management LLC now owns 3,506 shares of the business services provider’s stock worth $413,000 after buying an additional 585 shares during the period. 94.91% of the stock is currently owned by institutional investors.
Shares of ManpowerGroup Inc. (NYSE:MAN) opened at $121.34 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.28. ManpowerGroup Inc. has a 1 year low of $95.88 and a 1 year high of $136.93. The stock has a market capitalization of $8,040.00, a PE ratio of 15.05 and a beta of 1.28.
ManpowerGroup (NYSE:MAN) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter last year, the business posted $1.87 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. analysts forecast that ManpowerGroup Inc. will post 8.96 EPS for the current fiscal year.
In related news, EVP Mara E. Swan sold 7,127 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $118.84, for a total transaction of $846,972.68. Following the completion of the sale, the executive vice president now owns 27,986 shares in the company, valued at $3,325,856.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward J. Zore sold 10,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $127.00, for a total value 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 20,127 shares of company stock valued at $2,499,593 in the last quarter. 0.87% of the stock is currently owned by company insiders.
Several research analysts have recently commented on the company. ValuEngine raised ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank reaffirmed a “hold” rating and issued a $110.00 price objective on shares of ManpowerGroup in a research note on Tuesday, January 9th. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Thursday, January 11th. Argus raised their price objective on ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, BMO Capital Markets decreased their price objective on ManpowerGroup to $136.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $124.50.
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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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