LPL Financial LLC Sells 289 Shares of ManpowerGroup Inc. (NYSE:MAN)

LPL Financial LLC decreased its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,115 shares of the business services provider’s stock after selling 289 shares during the period. LPL Financial LLC’s holdings in ManpowerGroup were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its stake in shares of 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 period. Boston Advisors LLC increased its stake in shares of 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 period. Westpac Banking Corp increased its stake in shares of 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 period. BB&T Corp increased its stake in shares of ManpowerGroup by 7.2% in the fourth quarter. BB&T Corp now owns 11,165 shares of the business services provider’s stock worth $723,000 after purchasing an additional 749 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in shares of ManpowerGroup by 10.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,809 shares of the business services provider’s stock worth $571,000 after purchasing an additional 830 shares during the period. 91.99% of the stock is owned by hedge funds and other institutional investors.

NYSE MAN traded down $1.61 during trading on Wednesday, reaching $95.55. 1,174,500 shares of the company traded hands, compared to its average volume of 608,995. 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 capitalization of $5.83 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 4.07 and a beta of 1.50. ManpowerGroup Inc. has a 1-year low of $61.57 and a 1-year high of $98.46.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, April 18th. The business services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The company 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 company’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 earnings per share. On average, analysts predict that ManpowerGroup Inc. will post 7.71 earnings per share for the current year.

In other 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 transaction, the senior vice president now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,750 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $85.40, for a total transaction of $149,450.00. Following the completion of the transaction, the director now owns 8,036 shares of the company’s stock, valued at approximately $686,274.40. The disclosure for this sale can be found here. Insiders sold a total of 19,927 shares of company stock worth $1,686,603 over the last three months. 1.49% of the stock is owned by company insiders.

A number of equities analysts have recently commented on the company. Royal Bank of Canada assumed coverage on ManpowerGroup in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $114.00 price objective on the stock. Zacks Investment Research lowered ManpowerGroup from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. BMO Capital Markets lifted their target price on ManpowerGroup to $93.00 and gave the stock a “market perform” rating in a research report on Monday. TheStreet raised ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Finally, ValuEngine raised ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. ManpowerGroup has an average rating of “Hold” and an average price target of $98.50.

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About ManpowerGroup

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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