ManpowerGroup (NYSE:MAN) Position Increased by Regentatlantic Capital LLC
Regentatlantic Capital LLC raised its stake in shares of ManpowerGroup (NYSE:MAN) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,967 shares of the business services provider’s stock after buying an additional 1,555 shares during the period. Regentatlantic Capital LLC’s holdings in ManpowerGroup were worth $1,336,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of MAN. Russell Investments Group Ltd. raised its position in ManpowerGroup by 39.8% in the first quarter. Russell Investments Group Ltd. now owns 520,809 shares of the business services provider’s stock valued at $53,432,000 after buying an additional 148,161 shares in the last quarter. Teachers Advisors LLC raised its position in ManpowerGroup by 4.1% in the first quarter. Teachers Advisors LLC now owns 222,883 shares of the business services provider’s stock valued at $22,861,000 after buying an additional 8,833 shares in the last quarter. First Trust Advisors LP raised its position in ManpowerGroup by 0.4% in the first quarter. First Trust Advisors LP now owns 309,270 shares of the business services provider’s stock valued at $31,722,000 after buying an additional 1,245 shares in the last quarter. Creative Planning raised its position in 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. Finally, Wedge Capital Management L L P NC purchased a new position in ManpowerGroup during the first quarter valued at about $57,066,000. 93.74% of the stock is currently owned by institutional investors.
ManpowerGroup (NYSE MAN) opened at 108.28 on Monday. The firm has a 50 day moving average of $110.85 and a 200-day moving average of $102.71. ManpowerGroup has a 12 month low of $66.53 and a 12 month high of $119.59. The firm has a market cap of $7.30 billion, a P/E ratio of 16.56 and a beta of 1.39.
ManpowerGroup (NYSE:MAN) last issued its earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by $0.01. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company posted $1.60 earnings per share. On average, equities research analysts forecast that ManpowerGroup will post $6.76 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the stock. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. BMO Capital Markets boosted their price objective on shares of ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Royal Bank Of Canada reissued a “sector perform” rating and set a $111.00 price objective (up from $104.00) on shares of ManpowerGroup in a report on Friday, July 14th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Tuesday, July 4th. Finally, BidaskClub upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $102.71.
In other news, SVP Richard Buchband sold 1,250 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $109.00, for a total transaction of $136,250.00. Following the completion of the transaction, the senior vice president now owns 3,884 shares in the company, valued at $423,356. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Darryl Green sold 76,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the transaction, the chief operating officer now owns 36,454 shares of the company’s stock, valued at approximately $3,857,926.82. The disclosure for this sale can be found here. Insiders have sold 119,615 shares of company stock worth $12,677,609 over the last three months. 0.87% of the stock is owned by corporate insiders.
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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