Empirical Finance LLC trimmed its holdings in shares of ManpowerGroup (NYSE:MAN) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,015 shares of the business services provider’s stock after selling 20 shares during the quarter. Empirical Finance LLC’s holdings in ManpowerGroup were worth $1,230,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in ManpowerGroup during the 1st quarter worth approximately $101,000. IFP Advisors Inc grew its holdings in ManpowerGroup by 14.1% during the 2nd quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after acquiring an additional 116 shares during the last quarter. First Quadrant L P CA bought a new stake in ManpowerGroup during the 2nd quarter worth approximately $123,000. Exane Derivatives grew its holdings in ManpowerGroup by 166.7% during the 2nd quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after acquiring an additional 862 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in ManpowerGroup during the 2nd quarter worth approximately $201,000. 93.72% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the stock. BMO Capital Markets reissued a “buy” rating and set a $124.00 target price on shares of ManpowerGroup in a report on Friday, September 1st. BidaskClub lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $111.00 price objective (up from $106.00) on shares of ManpowerGroup in a research note on Tuesday, July 25th. Northcoast Research reaffirmed a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $111.00 price objective (up from $104.00) on shares of ManpowerGroup in a research note on Friday, July 14th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $109.60.
ManpowerGroup (NYSE:MAN) traded down 0.022% on Tuesday, hitting $114.095. 66,637 shares of the company were exchanged. The stock has a 50 day moving average of $108.37 and a 200 day moving average of $105.26. ManpowerGroup has a 52 week low of $67.30 and a 52 week high of $119.59. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 17.454 and a beta of 1.38.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.01). The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. ManpowerGroup’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. Analysts predict that ManpowerGroup will post $6.75 EPS for the current fiscal year.
In other ManpowerGroup news, COO Darryl Green sold 76,000 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total value of $8,043,080.00. Following the completion of the transaction, the chief operating officer now owns 36,454 shares of the company’s stock, valued at approximately $3,857,926.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mara E. Swan sold 2,393 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total value of $261,267.74. Following the completion of the transaction, the executive vice president now directly owns 27,078 shares of the company’s stock, valued at approximately $2,956,376.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,108 shares of company stock valued at $13,165,550. 0.87% of the stock is owned by insiders.
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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