LSV Asset Management Acquires 94,867 Shares of ManpowerGroup Inc. (MAN)

LSV Asset Management grew its holdings in ManpowerGroup Inc. (NYSE:MAN) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,827,463 shares of the business services provider’s stock after acquiring an additional 94,867 shares during the period. LSV Asset Management owned about 2.96% of ManpowerGroup worth $118,419,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Handelsbanken Fonder AB acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at $627,000. SG Americas Securities LLC raised its position in ManpowerGroup by 170.2% during the third quarter. SG Americas Securities LLC now owns 40,119 shares of the business services provider’s stock worth $3,449,000 after acquiring an additional 25,271 shares during the period. Boston Advisors LLC raised its position in ManpowerGroup by 2.3% during the fourth quarter. Boston Advisors LLC now owns 26,198 shares of the business services provider’s stock worth $1,698,000 after acquiring an additional 586 shares during the period. LPL Financial LLC raised its position in ManpowerGroup by 55.1% during the third quarter. LPL Financial LLC now owns 4,404 shares of the business services provider’s stock worth $379,000 after acquiring an additional 1,565 shares during the period. Finally, Alambic Investment Management L.P. acquired a new position in ManpowerGroup during the third quarter worth $1,285,000. 99.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE MAN opened at $83.09 on Wednesday. The stock has a market capitalization of $5.01 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 3.34 and a beta of 1.46. The company has a quick ratio of 1.47, a current ratio of 1.44 and a debt-to-equity ratio of 0.38. ManpowerGroup Inc. has a 52 week low of $61.57 and a 52 week high of $124.37.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, January 31st. The business services provider reported $2.44 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. The business had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.54 billion. ManpowerGroup had a net margin of 2.53% and a return on equity of 20.65%. As a group, equities research analysts predict that ManpowerGroup Inc. will post 7.71 EPS for the current fiscal year.

In other news, Director William Downe acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was purchased at an average price of $81.21 per share, with a total value of $324,840.00. Following the completion of the acquisition, the director now owns 4,000 shares of the company’s stock, valued at approximately $324,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John R. Walter sold 7,403 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $77.74, for a total transaction of $575,509.22. The disclosure for this sale can be found here. 1.02% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on the stock. BMO Capital Markets cut shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $83.00 to $81.00 in a research report on Friday, February 1st. ValuEngine upgraded shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Zacks Investment Research cut shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. TheStreet cut shares of ManpowerGroup from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th. Finally, Bank of America assumed coverage on shares of ManpowerGroup in a research report on Tuesday, October 23rd. They set a “neutral” rating and a $82.00 price objective for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $98.67.

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ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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