Security National Bank of Sioux City Iowa IA cut its stake in ManpowerGroup (NYSE:MAN) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,775 shares of the business services provider’s stock after selling 325 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in ManpowerGroup were worth $980,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of MAN. BlackRock Inc. raised its holdings in ManpowerGroup by 1,236.2% in the 1st quarter. BlackRock Inc. now owns 8,185,672 shares of the business services provider’s stock worth $839,606,000 after purchasing an additional 7,573,043 shares in the last quarter. AJO LP raised its holdings in ManpowerGroup by 30.9% in the 2nd quarter. AJO LP now owns 1,839,632 shares of the business services provider’s stock worth $205,395,000 after purchasing an additional 434,069 shares in the last quarter. Acadian Asset Management LLC raised its holdings in ManpowerGroup by 45.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,335,628 shares of the business services provider’s stock worth $149,121,000 after purchasing an additional 415,224 shares in the last quarter. Vanguard Group Inc. raised its holdings in ManpowerGroup by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 6,019,016 shares of the business services provider’s stock worth $617,369,000 after purchasing an additional 376,556 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in 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 worth $200,132,000 after purchasing an additional 339,539 shares in the last quarter. Institutional investors and hedge funds own 93.71% of the company’s stock.
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Shares of ManpowerGroup (NYSE MAN) traded up 0.24% on Tuesday, hitting $122.24. 166,640 shares of the company traded hands. ManpowerGroup has a 1-year low of $70.64 and a 1-year high of $123.00. The firm has a market capitalization of $8.16 billion, a P/E ratio of 18.70 and a beta of 1.40. The firm’s 50-day moving average is $114.51 and its 200 day moving average is $107.89.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings data 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). ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period last year, the company earned $1.60 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, analysts anticipate that ManpowerGroup will post $6.75 earnings per share for the current fiscal year.
Several research analysts have commented on the stock. Royal Bank Of Canada lowered shares of ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. BMO Capital Markets upped their price objective on shares of ManpowerGroup from $124.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, October 2nd. Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. Zacks Investment Research lowered shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, BidaskClub upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $111.20.
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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