ManpowerGroup (MAN) Shares Bought by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans lifted its stake in shares of ManpowerGroup (NYSE:MAN) by 5.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,510 shares of the business services provider’s stock after acquiring an additional 670 shares during the period. Thrivent Financial For Lutherans’ holdings in ManpowerGroup were worth $1,508,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clinton Group Inc. purchased a new position in ManpowerGroup in the first quarter worth $724,000. Victory Capital Management Inc. increased its stake in ManpowerGroup by 9.4% in the first quarter. Victory Capital Management Inc. now owns 182,808 shares of the business services provider’s stock valued at $18,750,000 after acquiring an additional 15,703 shares during the last quarter. Credit Agricole S A raised its position in ManpowerGroup by 18.1% during the first quarter. Credit Agricole S A now owns 53,709 shares of the business services provider’s stock valued at $5,509,000 after purchasing an additional 8,226 shares in the last quarter. United Services Automobile Association raised its position in ManpowerGroup by 61.4% during the first quarter. United Services Automobile Association now owns 24,295 shares of the business services provider’s stock valued at $2,492,000 after purchasing an additional 9,239 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in ManpowerGroup by 5.5% during the first quarter. OppenheimerFunds Inc. now owns 48,092 shares of the business services provider’s stock valued at $4,933,000 after purchasing an additional 2,512 shares in the last quarter. 93.71% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on MAN. Royal Bank Of Canada cut ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. BMO Capital Markets increased their price objective on ManpowerGroup from $124.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. Zacks Investment Research cut ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. ManpowerGroup has a consensus rating of “Hold” and a consensus price target of $111.20.
In related news, EVP Mara E. Swan sold 2,393 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were 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 $2,956,376.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Darryl Green sold 76,000 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the completion of the transaction, the chief operating officer now directly owns 36,454 shares of the company’s stock, valued at $3,857,926.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,858 shares of company stock worth $13,029,300. Corporate insiders own 0.87% of the company’s stock.
Shares of ManpowerGroup (MAN) opened at 119.68 on Tuesday. The company has a market capitalization of $7.99 billion, a P/E ratio of 18.31 and a beta of 1.40. The firm has a 50-day moving average of $112.57 and a 200 day moving average of $107.17. ManpowerGroup has a 1-year low of $70.64 and a 1-year high of $120.90.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.06 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. ManpowerGroup’s quarterly revenue 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, analysts anticipate that ManpowerGroup will post $6.75 EPS for the current year.
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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