HRT Financial LLC Takes Position in ManpowerGroup Inc. (NYSE:MAN)

HRT Financial LLC bought a new stake in ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,016 shares of the business services provider’s stock, valued at approximately $389,000.

Other hedge funds also recently modified their holdings of the company. Legal & General Group Plc grew its holdings in shares of ManpowerGroup by 1.5% during the fourth quarter. Legal & General Group Plc now owns 395,854 shares of the business services provider’s stock worth $25,652,000 after buying an additional 5,982 shares in the last quarter. Globeflex Capital L P boosted its position in shares of ManpowerGroup by 24.9% in the fourth quarter. Globeflex Capital L P now owns 13,540 shares of the business services provider’s stock worth $877,000 after acquiring an additional 2,703 shares during the last quarter. Jane Street Group LLC lifted its position in ManpowerGroup by 1,365.8% during the fourth quarter. Jane Street Group LLC now owns 24,509 shares of the business services provider’s stock valued at $1,588,000 after buying an additional 22,837 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC lifted its position in ManpowerGroup by 28.8% during the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 328,544 shares of the business services provider’s stock valued at $21,290,000 after buying an additional 73,398 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in ManpowerGroup during the fourth quarter valued at approximately $1,011,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.

In related news, SVP Richard Buchband sold 3,471 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $83.15, for a total value of $288,613.65. Following the completion of the sale, the senior vice president now owns 4,986 shares of the company’s stock, valued at approximately $414,585.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Sriram Chandrashekar sold 14,706 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $84.90, for a total value of $1,248,539.40. The disclosure for this sale can be found here. Insiders sold a total of 19,927 shares of company stock worth $1,686,603 in the last quarter. 1.49% of the stock is owned by corporate insiders.

NYSE MAN traded up $10.09 on Friday, hitting $97.04. 1,573,855 shares of the company were exchanged, compared to its average volume of 583,773. The company has a current ratio of 1.43, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. The company has a market cap of $5.83 billion, a PE ratio of 10.84, a PEG ratio of 4.07 and a beta of 1.50. ManpowerGroup Inc. has a twelve month low of $61.57 and a twelve month high of $119.68.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, April 18th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5 billion. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.72 EPS. Research analysts forecast that ManpowerGroup Inc. will post 7.71 EPS for the current fiscal year.

A number of research analysts have weighed in on MAN shares. ValuEngine raised shares of ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded shares of ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. BMO Capital Markets lowered shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $83.00 to $81.00 in a research note on Friday, February 1st. Royal Bank of Canada started coverage on shares of ManpowerGroup in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Finally, TheStreet upgraded shares of ManpowerGroup from a “c+” rating to a “b-” rating in a research note on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. ManpowerGroup has an average rating of “Hold” and an average price target of $96.00.

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ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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