Paloma Partners Management Co cut its stake in shares of ManpowerGroup (NYSE:MAN) by 92.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,495 shares of the business services provider’s stock after selling 30,722 shares during the period. Paloma Partners Management Co’s holdings in ManpowerGroup were worth $256,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in shares of ManpowerGroup by 3.0% in the first quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the business services provider’s stock valued at $1,754,000 after buying an additional 500 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of ManpowerGroup during the first quarter valued at $201,000. Capstone Asset Management Co. increased its stake in shares of ManpowerGroup by 7.6% in the first quarter. Capstone Asset Management Co. now owns 8,089 shares of the business services provider’s stock valued at $830,000 after buying an additional 570 shares in the last quarter. Regentatlantic Capital LLC increased its stake in shares of ManpowerGroup by 6.9% in the first quarter. Regentatlantic Capital LLC now owns 10,412 shares of the business services provider’s stock valued at $1,068,000 after buying an additional 670 shares in the last quarter. Finally, Creative Planning increased its stake in shares of ManpowerGroup by 6.0% in the first quarter. Creative Planning now owns 5,964 shares of the business services provider’s stock valued at $612,000 after buying an additional 335 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.
ManpowerGroup (NYSE:MAN) opened at 118.83 on Monday. The stock has a market cap of $7.97 billion, a P/E ratio of 18.51 and a beta of 1.40. The company has a 50-day moving average of $109.79 and a 200 day moving average of $101.63. ManpowerGroup has a 1-year low of $66.50 and a 1-year high of $119.59.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Friday, April 21st. The business services provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by $0.02. The company had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.69 billion. ManpowerGroup had a net margin of 2.25% and a return on equity of 17.72%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. Analysts predict that ManpowerGroup will post $6.67 EPS for the current year.
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Several equities research analysts have recently weighed in on the stock. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $111.00 target price (up previously from $104.00) on shares of ManpowerGroup in a research note on Friday, July 14th. BMO Capital Markets increased their target price on shares of ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Tuesday, July 4th. Finally, BidaskClub raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. ManpowerGroup currently has an average rating of “Buy” and a consensus price target of $98.00.
In related news, SVP Richard Buchband sold 1,250 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $109.00, for a total value of $136,250.00. Following the sale, the senior vice president now directly owns 3,884 shares in the company, valued at approximately $423,356. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is currently 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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