ManpowerGroup (MAN) Shares Bought by Wells Fargo & Company MN
Wells Fargo & Company MN boosted its holdings in ManpowerGroup (NYSE:MAN) by 55.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 283,224 shares of the business services provider’s stock after purchasing an additional 101,465 shares during the quarter. Wells Fargo & Company MN owned about 0.42% of ManpowerGroup worth $31,622,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. IFP Advisors Inc increased its holdings in ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after purchasing an additional 116 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in ManpowerGroup in the first quarter worth approximately $101,000. First Quadrant L P CA bought a new stake in ManpowerGroup in the second quarter worth approximately $123,000. Exane Derivatives increased its holdings in ManpowerGroup by 166.7% in the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after purchasing an additional 862 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in ManpowerGroup in the second quarter worth approximately $201,000. Institutional investors and hedge funds own 93.71% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. BMO Capital Markets restated a “buy” rating and set a $124.00 price objective on shares of ManpowerGroup in a report on Friday, September 1st. BidaskClub downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Credit Suisse Group restated a “neutral” rating and set a $111.00 price objective (up previously from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Finally, Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $109.60.
Shares of ManpowerGroup (NYSE MAN) opened at 115.95 on Friday. The company has a market cap of $7.74 billion, a P/E ratio of 17.74 and a beta of 1.38. ManpowerGroup has a 12-month low of $68.03 and a 12-month high of $119.59. The stock’s 50 day moving average price is $109.94 and its 200 day moving average price is $106.06.
ManpowerGroup (NYSE:MAN) last announced its 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). ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the company posted $1.60 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. On average, analysts forecast that ManpowerGroup will post $6.75 EPS for the current year.
In other news, EVP Sriram Chandrashekar sold 19,912 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $105.39, for a total value of $2,098,525.68. Following the completion of the transaction, the executive vice president now owns 1,659 shares of the company’s stock, valued at approximately $174,842.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Darryl Green sold 76,000 shares of the stock in a transaction that occurred on 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 directly owns 36,454 shares of the company’s stock, valued at approximately $3,857,926.82. The disclosure for this sale can be found here. Insiders sold a total of 122,858 shares of company stock valued at $13,029,300 in the last three months. Corporate insiders own 0.87% 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.
Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.