Folger Nolan Fleming Douglas Capital Management Inc. maintained its position in ManpowerGroup (NYSE:MAN) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,724 shares of the business services provider’s stock at the end of the second quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in ManpowerGroup were worth $527,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in ManpowerGroup during the first quarter valued at $101,000. IFP Advisors Inc boosted its stake in ManpowerGroup by 14.1% during the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after buying an additional 116 shares during the period. First Quadrant L P CA bought a new stake in ManpowerGroup during the second quarter valued at $123,000. Exane Derivatives boosted its stake in ManpowerGroup by 166.7% during the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock valued at $154,000 after buying an additional 862 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in ManpowerGroup during the second quarter valued at $201,000. 93.72% of the stock is owned by hedge funds and other institutional investors.

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In related news, COO Darryl Green sold 76,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sriram Chandrashekar sold 19,912 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $105.39, for a total transaction of $2,098,525.68. Following the completion of the transaction, the executive vice president now directly owns 1,659 shares of the company’s stock, valued at approximately $174,842.01. The disclosure for this sale can be found here. Insiders sold a total of 124,108 shares of company stock valued at $13,165,550 in the last ninety days. 0.87% of the stock is currently owned by insiders.

ManpowerGroup (MAN) traded down 0.364% during midday trading on Friday, reaching $113.455. The company had a trading volume of 118,890 shares. ManpowerGroup has a 52 week low of $67.47 and a 52 week high of $119.59. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 17.356 and a beta of 1.38. The firm has a 50-day moving average price of $109.15 and a 200-day moving average price of $105.58.

ManpowerGroup (NYSE:MAN) last issued its 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 firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 EPS. Analysts expect that ManpowerGroup will post $6.75 EPS for the current fiscal year.

MAN has been the subject of several research analyst reports. BMO Capital Markets reissued a “buy” rating and set a $124.00 price objective on shares of ManpowerGroup in a research note on Friday, September 1st. BidaskClub lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Credit Suisse Group reissued a “neutral” rating and set a $111.00 price objective (up previously from $106.00) on shares of ManpowerGroup in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “sector perform” rating and set a $111.00 price objective (up previously from $104.00) on shares of ManpowerGroup in a research note on Friday, July 14th. Finally, Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, July 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. ManpowerGroup has an average rating of “Hold” and a consensus price target 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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