Wells Fargo & Company MN Increases Holdings in ManpowerGroup Inc. (MAN)

Wells Fargo & Company MN raised its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 46.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 518,860 shares of the business services provider’s stock after acquiring an additional 165,146 shares during the period. Wells Fargo & Company MN’s holdings in ManpowerGroup were worth $65,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MAN. National Pension Service purchased a new stake in shares of ManpowerGroup in the fourth quarter worth $165,000. Calamos Advisors LLC purchased a new stake in shares of ManpowerGroup in the third quarter worth $203,000. Bank of Hawaii purchased a new stake in shares of ManpowerGroup in the third quarter worth $207,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of ManpowerGroup in the third quarter worth $221,000. Finally, Assetmark Inc. increased its stake in shares of ManpowerGroup by 1,268.1% in the third quarter. Assetmark Inc. now owns 1,888 shares of the business services provider’s stock worth $222,000 after purchasing an additional 1,750 shares in the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Inc. (NYSE MAN) opened at $122.58 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 12-month low of $95.88 and a 12-month high of $136.93. The firm has a market cap of $8,123.25, a price-to-earnings ratio of 15.19 and a beta of 1.29.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.07. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the prior year, the business earned $1.87 earnings per share. ManpowerGroup’s revenue for the quarter was up 13.7% on a year-over-year basis. analysts expect that ManpowerGroup Inc. will post 8.96 EPS for the current year.

In related news, 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 completion of the transaction, the director now owns 29,876 shares in the company, valued at $3,794,252. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mara E. Swan sold 7,127 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $118.84, for a total transaction of $846,972.68. Following the transaction, the executive vice president now owns 27,986 shares of the company’s stock, valued at approximately $3,325,856.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,127 shares of company stock valued at $2,499,593. 0.87% of the stock is owned by company insiders.

A number of analysts have recently issued reports on MAN shares. Deutsche Bank reissued a “hold” rating and issued a $110.00 price objective on shares of ManpowerGroup in a research note on Tuesday, January 9th. BMO Capital Markets reduced their price objective on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a research note on Monday, February 5th. ValuEngine raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $124.50.

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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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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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