ManpowerGroup Inc. (MAN) Stake Lessened by Flinton Capital Management LLC
Flinton Capital Management LLC reduced its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 12.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 53,648 shares of the business services provider’s stock after selling 7,420 shares during the period. Flinton Capital Management LLC’s holdings in ManpowerGroup were worth $6,765,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of MAN. Schroder Investment Management Group purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at $113,000. National Pension Service purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at $165,000. Tower Research Capital LLC TRC boosted its stake in shares of ManpowerGroup by 678.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 1,180 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at $202,000. Finally, Mckinley Capital Management LLC Delaware purchased a new stake in shares of ManpowerGroup during the third quarter valued at $221,000. 94.28% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on MAN. ValuEngine raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank reissued a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Thursday, January 11th. BMO Capital Markets lowered their target price on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Finally, Argus upped their price objective on shares of ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, March 8th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. ManpowerGroup has an average rating of “Hold” and a consensus price target of $124.88.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Friday, February 2nd. The business services provider reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.07. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period in the prior year, the firm earned $1.87 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. analysts anticipate that ManpowerGroup Inc. will post 8.96 EPS for the current year.
In other ManpowerGroup news, EVP Sriram Chandrashekar sold 39,420 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $119.33, for a total value of $4,703,988.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Richard Buchband sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $118.49, for a total transaction of $118,490.00. Following the completion of the transaction, the senior vice president now owns 8,457 shares of the company’s stock, valued at $1,002,069.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,547 shares of company stock valued at $6,842,051. 0.87% of the stock is owned by insiders.
TRADEMARK VIOLATION WARNING: “ManpowerGroup Inc. (MAN) Stake Lessened by Flinton Capital Management LLC” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2018/03/14/manpowergroup-inc-man-stake-lessened-by-flinton-capital-management-llc.html.
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.
Want to see what other hedge funds are holding MAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ManpowerGroup Inc. (NYSE:MAN).
Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.