DE Burlo Group Inc. Boosts Position in ManpowerGroup (MAN)
DE Burlo Group Inc. boosted its position in shares of ManpowerGroup (NYSE:MAN) by 4.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 64,400 shares of the business services provider’s stock after buying an additional 2,600 shares during the period. ManpowerGroup accounts for about 1.6% of DE Burlo Group Inc.’s portfolio, making the stock its 27th largest position. DE Burlo Group Inc. owned 0.10% of ManpowerGroup worth $7,190,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in ManpowerGroup during the first quarter worth about $101,000. IFP Advisors Inc boosted its stake in ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after buying an additional 116 shares during the last quarter. First Quadrant L P CA purchased a new stake in ManpowerGroup during the second quarter worth about $123,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in ManpowerGroup by 31.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,255 shares of the business services provider’s stock worth $129,000 after buying an additional 300 shares during the last quarter. Finally, Exane Derivatives boosted its stake in ManpowerGroup by 166.7% in the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after buying an additional 862 shares during the last quarter. 93.95% of the stock is owned by hedge funds and other institutional investors.
ManpowerGroup (NYSE:MAN) opened at 108.56 on Thursday. ManpowerGroup has a 12-month low of $67.30 and a 12-month high of $119.59. The firm’s 50-day moving average price is $111.06 and its 200 day moving average price is $103.69. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 16.61 and a beta of 1.39.
ManpowerGroup (NYSE:MAN) last announced 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 company had revenue of $5.15 billion during 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%. ManpowerGroup’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 earnings per share. On average, equities research analysts expect that ManpowerGroup will post $6.75 EPS for the current fiscal year.
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A number of research firms recently issued reports on MAN. BidaskClub raised ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a research report on Friday, April 21st. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $111.00 price objective (up previously from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $111.00 price objective (up previously from $106.00) on shares of ManpowerGroup in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $102.71.
In other news, Director Ulice Payne, Jr. sold 2,100 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $107.94, for a total transaction of $226,674.00. Following the completion of the transaction, the director now directly owns 11,136 shares in the company, valued at approximately $1,202,019.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Richard Buchband sold 1,250 shares of the stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $109.00, for a total transaction of $136,250.00. Following the transaction, the senior vice president now owns 3,884 shares of the company’s stock, valued at $423,356. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,715 shares of company stock valued at $12,904,283. Company insiders own 0.87% of the company’s stock.
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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