ManpowerGroup Inc. (NYSE:MAN) Holdings Lifted by Legal & General Group Plc

Legal & General Group Plc raised its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 395,854 shares of the business services provider’s stock after purchasing an additional 5,982 shares during the period. Legal & General Group Plc owned 0.64% of ManpowerGroup worth $25,652,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Services Automobile Association lifted its holdings in shares of ManpowerGroup by 1.3% in the 4th quarter. United Services Automobile Association now owns 10,603 shares of the business services provider’s stock valued at $687,000 after acquiring an additional 138 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in ManpowerGroup by 8.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the business services provider’s stock worth $157,000 after purchasing an additional 180 shares during the last quarter. Fort L.P. lifted its stake in ManpowerGroup by 926.4% in the fourth quarter. Fort L.P. now owns 544 shares of the business services provider’s stock worth $35,000 after purchasing an additional 491 shares during the last quarter. Boston Advisors LLC lifted its stake in ManpowerGroup by 2.3% in the fourth quarter. Boston Advisors LLC now owns 26,198 shares of the business services provider’s stock worth $1,698,000 after purchasing an additional 586 shares during the last quarter. Finally, Westpac Banking Corp lifted its stake in ManpowerGroup by 5.0% in the fourth quarter. Westpac Banking Corp now owns 13,511 shares of the business services provider’s stock worth $876,000 after purchasing an additional 638 shares during the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. BMO Capital Markets raised their price objective on shares of ManpowerGroup to $93.00 and gave the stock a “market perform” rating in a research note on Monday. ValuEngine raised shares of ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada began coverage on shares of ManpowerGroup in a research report on Tuesday, April 16th. They set an “outperform” rating and a $114.00 target price on the stock. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Finally, Zacks Investment Research lowered shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $98.50.

In related news, Director Ulice Payne, Jr. sold 1,750 shares of ManpowerGroup stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $85.40, for a total transaction of $149,450.00. Following the transaction, the director now directly owns 8,036 shares of the company’s stock, valued at $686,274.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Richard Buchband sold 3,471 shares of ManpowerGroup stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $83.15, for a total transaction of $288,613.65. Following the transaction, the senior vice president now directly owns 4,986 shares in the company, valued at $414,585.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,927 shares of company stock worth $1,686,603. 1.49% of the stock is currently owned by corporate insiders.

MAN stock traded down $1.61 during trading on Wednesday, hitting $95.55. 1,174,500 shares of the company’s stock traded hands, compared to its average volume of 608,995. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 4.07 and a beta of 1.50. The company has a quick ratio of 1.44, a current ratio of 1.43 and a debt-to-equity ratio of 0.38. ManpowerGroup Inc. has a 1 year low of $61.57 and a 1 year high of $98.46.

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

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ManpowerGroup 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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