American International Group Inc. lifted its stake in ManpowerGroup Inc. (NYSE:MAN) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 137,130 shares of the business services provider’s stock after acquiring an additional 606 shares during the period. American International Group Inc.’s holdings in ManpowerGroup were worth $17,293,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its position in shares of ManpowerGroup by 132.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,847 shares of the business services provider’s stock valued at $32,895,000 after buying an additional 148,418 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in ManpowerGroup by 678.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,180 shares during the period. Schroder Investment Management Group acquired a new stake in ManpowerGroup during the 4th quarter worth $113,000. Rhumbline Advisers boosted its stake in ManpowerGroup by 0.4% during the 4th quarter. Rhumbline Advisers now owns 124,904 shares of the business services provider’s stock worth $15,752,000 after purchasing an additional 550 shares during the period. Finally, Twin Tree Management LP boosted its stake in ManpowerGroup by 145.8% during the 4th quarter. Twin Tree Management LP now owns 3,412 shares of the business services provider’s stock worth $430,000 after purchasing an additional 2,024 shares during the period. 94.91% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Edward J. Zore sold 10,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $127.00, for a total value of $1,270,000.00. Following the completion of the sale, the director now owns 29,876 shares in the company, valued at approximately $3,794,252. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mara E. Swan sold 7,127 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $118.84, for a total transaction 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 approximately $3,325,856.24. The disclosure for this sale can be found here. Insiders sold a total of 20,127 shares of company stock valued at $2,499,593 in the last 90 days. Company insiders own 0.87% of the company’s stock.
MAN has been the subject of a number of recent research reports. Zacks Investment Research cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Argus increased their price target on shares of ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. ValuEngine cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Deutsche Bank reiterated a “hold” rating and set a $110.00 price target on shares of ManpowerGroup in a research note on Tuesday, January 9th. Finally, BMO Capital Markets decreased their price target on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $124.50.
Shares of ManpowerGroup Inc. (NYSE:MAN) opened at $121.76 on Wednesday. ManpowerGroup Inc. has a 52 week low of $95.88 and a 52 week high of $136.93. The firm has a market cap of $8,079.46, a price-to-earnings ratio of 15.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.28.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, February 2nd. The business services provider reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.07. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter last year, the business earned $1.87 EPS. The business’s revenue was up 13.7% on a year-over-year basis. analysts forecast that ManpowerGroup Inc. will post 8.96 earnings per share for the current 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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