ManpowerGroup (MAN) Shares Sold by AHL Partners LLP
AHL Partners LLP trimmed its holdings in shares of ManpowerGroup (NYSE:MAN) by 31.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,294 shares of the business services provider’s stock after selling 31,567 shares during the period. AHL Partners LLP owned approximately 0.10% of ManpowerGroup worth $7,514,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in ManpowerGroup by 0.3% during the second quarter. BlackRock Inc. now owns 8,214,114 shares of the business services provider’s stock valued at $917,106,000 after buying an additional 28,442 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of ManpowerGroup by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,286,080 shares of the business services provider’s stock valued at $701,840,000 after purchasing an additional 267,064 shares during the period. Boston Partners boosted its position in shares of ManpowerGroup by 3.3% in the 2nd quarter. Boston Partners now owns 3,697,608 shares of the business services provider’s stock valued at $412,838,000 after purchasing an additional 119,340 shares during the period. State Street Corp boosted its position in shares of ManpowerGroup by 0.6% in the 1st quarter. State Street Corp now owns 2,673,581 shares of the business services provider’s stock valued at $274,247,000 after purchasing an additional 16,876 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of ManpowerGroup by 21.1% in the 1st quarter. AQR Capital Management LLC now owns 1,951,173 shares of the business services provider’s stock valued at $200,132,000 after purchasing an additional 339,539 shares during the period. 93.71% of the stock is owned by institutional investors and hedge funds.
In other news, Director Ulice Payne, Jr. sold 2,100 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was 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 of the company’s stock, valued at $1,202,019.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sriram Chandrashekar sold 19,912 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $105.39, for a total value of $2,098,525.68. Following the transaction, the executive vice president now directly owns 1,659 shares of the company’s stock, valued at $174,842.01. The disclosure for this sale can be found here. Insiders have sold 122,858 shares of company stock valued at $13,029,300 over the last ninety days. 0.87% of the stock is owned by insiders.
Shares of ManpowerGroup (NYSE MAN) opened at 121.82 on Thursday. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 18.64 and a beta of 1.40. The firm’s 50-day moving average price is $113.26 and its 200-day moving average price is $107.39. ManpowerGroup has a 12 month low of $70.64 and a 12 month high of $121.97.
ManpowerGroup (NYSE:MAN) last posted its earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.06 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 earnings per share. On average, equities analysts anticipate that ManpowerGroup will post $6.75 earnings per share for the current year.
A number of equities analysts recently weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $111.00 price target (up previously from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. BMO Capital Markets increased their price target on ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research lowered ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $111.00 price target (up previously from $106.00) on shares of ManpowerGroup in a research report on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $111.20.
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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