Chicago Equity Partners LLC raised its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 50.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,905 shares of the company’s stock after buying an additional 7,975 shares during the period. Chicago Equity Partners LLC’s holdings in ManpowerGroup were worth $1,538,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Northpointe Capital LLC acquired a new position in shares of ManpowerGroup during the second quarter worth about $1,641,000. Cambiar Investors LLC raised its position in shares of ManpowerGroup by 5.0% in the second quarter. Cambiar Investors LLC now owns 771,338 shares of the company’s stock worth $49,628,000 after buying an additional 36,584 shares during the period. Lucus Advisors LLC acquired a new position in shares of ManpowerGroup during the second quarter worth about $352,000. American Century Companies Inc. acquired a new position in shares of ManpowerGroup during the second quarter worth about $2,600,000. Finally, Artemis Investment Management LLP acquired a new position in shares of ManpowerGroup during the second quarter worth about $8,414,000. Hedge funds and other institutional investors own 94.88% of the company’s stock.
Shares of ManpowerGroup Inc. (NYSE:MAN) traded up 1.00% during mid-day trading on Wednesday, hitting $72.49. The company had a trading volume of 710,128 shares. The firm has a 50-day moving average of $71.07 and a 200-day moving average of $73.11. ManpowerGroup Inc. has a 12 month low of $57.26 and a 12 month high of $93.34. The company has a market cap of $4.97 billion, a PE ratio of 12.39 and a beta of 1.83.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.08. ManpowerGroup had a return on equity of 17.19% and a net margin of 2.23%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. ManpowerGroup’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts expect that ManpowerGroup Inc. will post $5.90 EPS for the current year.
A number of research analysts have recently issued reports on the company. Deutsche Bank AG set a $77.00 target price on ManpowerGroup and gave the company a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets restated an “outperform” rating and issued a $81.00 price objective on shares of ManpowerGroup in a report on Tuesday, September 27th. Piper Jaffray Cos. restated an “overweight” rating and issued a $85.00 price objective on shares of ManpowerGroup in a report on Friday, August 26th. Finally, Macquarie started coverage on ManpowerGroup in a report on Thursday, August 25th. They issued an “outperform” rating and a $86.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $82.83.
In other ManpowerGroup news, EVP Handel Michael J. Van sold 57,348 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $70.13, for a total transaction of $4,021,815.24. Following the sale, the executive vice president now directly owns 40,931 shares in the company, valued at $2,870,491.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Handel Michael J. Van sold 31,855 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $69.77, for a total value of $2,222,523.35. Following the sale, the executive vice president now owns 31,378 shares in the company, valued at $2,189,243.06. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
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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