Private Advisor Group LLC grew its stake in ManpowerGroup (NYSE:MAN) by 64.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,799 shares of the business services provider’s stock after purchasing an additional 2,263 shares during the quarter. Private Advisor Group LLC’s holdings in ManpowerGroup were worth $672,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MAN. BlackRock Inc. lifted its holdings in shares of ManpowerGroup by 1,236.2% in the first quarter. BlackRock Inc. now owns 8,185,672 shares of the business services provider’s stock valued at $839,606,000 after purchasing an additional 7,573,043 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ManpowerGroup by 82.8% in the first quarter. JPMorgan Chase & Co. now owns 1,465,441 shares of the business services provider’s stock valued at $150,311,000 after purchasing an additional 663,971 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of ManpowerGroup by 45.1% in the second quarter. Acadian Asset Management LLC now owns 1,335,628 shares of the business services provider’s stock valued at $149,121,000 after purchasing an additional 415,224 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of ManpowerGroup by 6.7% in the first quarter. Vanguard Group Inc. now owns 6,019,016 shares of the business services provider’s stock valued at $617,369,000 after purchasing an additional 376,556 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of ManpowerGroup by 21.1% in the first quarter. AQR Capital Management LLC now owns 1,951,173 shares of the business services provider’s stock valued at $200,132,000 after purchasing an additional 339,539 shares in the last quarter. Institutional investors own 93.72% of the company’s stock.

In related news, Director Ulice Payne, Jr. sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $107.94, for a total value of $226,674.00. Following the sale, the director now owns 11,136 shares in the company, valued at approximately $1,202,019.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard Buchband sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $109.00, for a total value of $136,250.00. Following the completion of the sale, the senior vice president now owns 3,884 shares in the company, valued at approximately $423,356. The disclosure for this sale can be found here. Insiders sold a total of 124,108 shares of company stock worth $13,165,550 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

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Shares of ManpowerGroup (MAN) opened at 113.87 on Thursday. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 17.42 and a beta of 1.38. ManpowerGroup has a one year low of $67.30 and a one year high of $119.59. The company’s 50-day moving average price is $108.74 and its 200-day moving average price is $105.46.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share 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%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS. On average, equities research analysts predict that ManpowerGroup will post $6.75 earnings per share for the current year.

A number of research analysts have recently weighed in on MAN shares. BMO Capital Markets raised their target price on ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, July 14th. BidaskClub lowered ManpowerGroup from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. Credit Suisse Group restated a “neutral” rating and issued a $111.00 target price (up previously from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $111.00 target price (up previously from $104.00) on shares of ManpowerGroup in a report on Friday, July 14th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. ManpowerGroup currently has an average rating of “Hold” and a consensus target price of $109.60.

About ManpowerGroup

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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