Security National Bank of SO Dak raised its holdings in ManpowerGroup (NYSE:MAN) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,165 shares of the business services provider’s stock after acquiring an additional 100 shares during the period. Security National Bank of SO Dak’s holdings in ManpowerGroup were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of MAN. Credit Agricole S A grew its stake in ManpowerGroup by 18.1% in 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 acquiring an additional 8,226 shares during the period. United Services Automobile Association grew its stake in ManpowerGroup by 61.4% in 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 acquiring an additional 9,239 shares during the period. OppenheimerFunds Inc. grew its stake in ManpowerGroup by 5.5% in the first quarter. OppenheimerFunds Inc. now owns 48,092 shares of the business services provider’s stock valued at $4,933,000 after acquiring an additional 2,512 shares during the period. FMR LLC acquired a new position in ManpowerGroup in the first quarter valued at about $7,065,000. Finally, Teachers Advisors LLC grew its stake 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 acquiring an additional 8,833 shares during the period. 93.71% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Sriram Chandrashekar sold 19,912 shares of the firm’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 completion of the sale, the executive vice president now directly owns 1,659 shares in the company, valued at approximately $174,842.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Darryl Green sold 76,000 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $105.83, for a total value of $8,043,080.00. Following the completion of the sale, the chief operating officer now owns 36,454 shares of the company’s stock, valued at $3,857,926.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,858 shares of company stock valued at $13,029,300. 0.87% of the stock is currently owned by company insiders.
ManpowerGroup (NYSE:MAN) last issued its earnings results on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.01). The firm 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 business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 earnings per share. Analysts predict that ManpowerGroup will post $6.75 earnings per share for the current fiscal year.
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MAN has been the subject of a number of research analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $124.00 target price on shares of ManpowerGroup in a research note on Friday, September 1st. BidaskClub cut ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Royal Bank Of Canada cut ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 28th. Zacks Investment Research cut ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $111.00 target price (up from $106.00) on shares of ManpowerGroup in a research note on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target 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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