AMP Capital Investors Ltd grew its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,942 shares of the business services provider’s stock after purchasing an additional 13,187 shares during the quarter. AMP Capital Investors Ltd’s holdings in ManpowerGroup were worth $12,224,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of MAN. Acadian Asset Management LLC increased its position in shares of ManpowerGroup by 33.2% during the 4th quarter. Acadian Asset Management LLC now owns 2,296,960 shares of the business services provider’s stock worth $289,674,000 after purchasing an additional 573,030 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of ManpowerGroup by 96.3% during the 3rd quarter. Janus Henderson Group PLC now owns 378,265 shares of the business services provider’s stock worth $44,568,000 after purchasing an additional 185,591 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of ManpowerGroup by 46.7% during the 4th quarter. Wells Fargo & Company MN now owns 518,860 shares of the business services provider’s stock worth $65,433,000 after acquiring an additional 165,146 shares during the period. APG Asset Management N.V. boosted its stake in shares of ManpowerGroup by 15.7% during the 4th quarter. APG Asset Management N.V. now owns 1,107,339 shares of the business services provider’s stock worth $116,295,000 after acquiring an additional 149,900 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of ManpowerGroup by 132.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,847 shares of the business services provider’s stock worth $32,895,000 after acquiring an additional 148,418 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on MAN shares. Deutsche Bank reiterated a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a research note on Tuesday, January 9th. ValuEngine upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Thursday, January 11th. BMO Capital Markets reduced their target price on ManpowerGroup to $136.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Finally, Argus lifted their target price on ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, March 8th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $124.88.
In related news, EVP Sriram Chandrashekar sold 39,420 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $119.33, for a total value of $4,703,988.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mara E. Swan sold 7,127 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $118.84, for a total value of $846,972.68. Following the completion of the sale, the executive vice president now owns 27,986 shares of the company’s stock, valued at $3,325,856.24. The disclosure for this sale can be found here. Insiders sold a total of 57,547 shares of company stock valued at $6,842,051 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.
ManpowerGroup Inc. (MAN) opened at $121.24 on Wednesday. The company has a market capitalization of $8,095.52, a P/E ratio of 15.02 and a beta of 1.34. ManpowerGroup Inc. has a one year low of $97.15 and a one year high of $136.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.28 and a current ratio of 1.28.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.54 billion. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 EPS. research analysts anticipate that ManpowerGroup Inc. will post 8.96 earnings per share for the current fiscal year.
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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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