US Bancorp DE reduced its position in ManpowerGroup (NYSE:MAN) by 6.0% during the second quarter, Holdings Channel reports. The firm owned 3,454 shares of the business services provider’s stock after selling 220 shares during the period. US Bancorp DE’s holdings in ManpowerGroup were worth $386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Treasurer State of Michigan increased its position in shares of ManpowerGroup by 0.4% in the second quarter. State Treasurer State of Michigan now owns 27,630 shares of the business services provider’s stock worth $3,085,000 after buying an additional 100 shares during the period. First Quadrant L P CA bought a new position in ManpowerGroup during the second quarter worth about $123,000. Aperio Group LLC increased its position in ManpowerGroup by 11.8% in the second quarter. Aperio Group LLC now owns 75,756 shares of the business services provider’s stock worth $8,458,000 after buying an additional 7,996 shares during the last quarter. Louisiana State Employees Retirement System increased its position in ManpowerGroup by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 17,500 shares of the business services provider’s stock worth $1,954,000 after buying an additional 400 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in ManpowerGroup by 142.9% in the second quarter. Nisa Investment Advisors LLC now owns 17,000 shares of the business services provider’s stock worth $1,853,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 93.95% of the company’s stock.

ManpowerGroup (NYSE MAN) traded down 0.14% on Friday, reaching $106.66. 421,859 shares of the company’s stock traded hands. The company has a market cap of $7.12 billion, a PE ratio of 16.32 and a beta of 1.39. The firm’s 50 day moving average price is $110.90 and its 200 day moving average price is $103.80. ManpowerGroup has a 12 month low of $67.30 and a 12 month high of $119.59.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. ManpowerGroup’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. On average, equities analysts expect that ManpowerGroup will post $6.75 EPS for the current fiscal year.

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A number of research analysts recently issued reports on MAN shares. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Friday, April 21st. BidaskClub downgraded shares of ManpowerGroup from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Credit Suisse Group reiterated a “neutral” rating and set a $111.00 target price (up previously from $106.00) on shares of ManpowerGroup in a research report on Tuesday, July 25th. Northcoast Research reiterated a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. Finally, BMO Capital Markets boosted their target price on shares of ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $102.71.

In other news, COO Darryl Green sold 76,000 shares of ManpowerGroup stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total value of $8,043,080.00. Following the completion of the transaction, the chief operating officer now owns 36,454 shares of the company’s stock, valued at approximately $3,857,926.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mara E. Swan sold 2,393 shares of ManpowerGroup stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total value of $261,267.74. Following the completion of the transaction, the executive vice president now directly owns 27,078 shares of the company’s stock, valued at approximately $2,956,376.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,108 shares of company stock valued at $13,165,550. 0.87% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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