ManpowerGroup Inc. (MAN) Shares Sold by KBC Group NV

KBC Group NV cut its position in ManpowerGroup Inc. (NYSE:MAN) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 295,505 shares of the business services provider’s stock after selling 10,061 shares during the quarter. KBC Group NV’s holdings in ManpowerGroup were worth $37,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MAN. FMR LLC boosted its position in shares of ManpowerGroup by 260.1% in the 2nd quarter. FMR LLC now owns 248,044 shares of the business services provider’s stock valued at $27,694,000 after purchasing an additional 179,162 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of ManpowerGroup in the 2nd quarter valued at about $642,000. Janus Henderson Group PLC boosted its position in shares of ManpowerGroup by 1,838.6% in the 2nd quarter. Janus Henderson Group PLC now owns 192,674 shares of the business services provider’s stock valued at $21,512,000 after purchasing an additional 182,735 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of ManpowerGroup by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,032 shares of the business services provider’s stock valued at $11,057,000 after purchasing an additional 906 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of ManpowerGroup in the 2nd quarter valued at about $208,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. SunTrust Banks reissued a “hold” rating and issued a $107.00 target price on shares of ManpowerGroup in a research report on Friday, October 20th. Zacks Investment Research downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BMO Capital Markets reduced their price objective on ManpowerGroup to $136.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Nomura upped their price objective on ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $126.00 price objective (up from $111.00) on shares of ManpowerGroup in a research note on Monday, October 23rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $124.50.

In other news, Director Edward J. Zore sold 10,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $127.00, for a total transaction of $1,270,000.00. Following the completion of the transaction, the director now directly owns 29,876 shares of the company’s stock, valued at approximately $3,794,252. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Cari M. Dominguez sold 500 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total value of $63,145.00. Following the transaction, the director now directly owns 16,990 shares of the company’s stock, valued at $2,145,667.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,559 shares of company stock valued at $1,976,187. 0.87% of the stock is owned by company insiders.

Shares of ManpowerGroup Inc. (NYSE MAN) opened at $115.60 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.28. The company has a market capitalization of $7,536.72, a P/E ratio of 14.32 and a beta of 1.29. ManpowerGroup Inc. has a one year low of $94.34 and a one year high of $136.93.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Friday, February 2nd. The business services provider reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.54 billion. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 EPS. equities research analysts predict that ManpowerGroup Inc. will post 8.96 earnings per share for the current year.

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ManpowerGroup 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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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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