ManpowerGroup (MAN) is Afam Capital Inc.’s 4th Largest Position
Afam Capital Inc. lowered its position in ManpowerGroup (NYSE:MAN) by 0.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,395 shares of the business services provider’s stock after selling 29 shares during the period. ManpowerGroup makes up approximately 1.5% of Afam Capital Inc.’s investment portfolio, making the stock its 4th largest holding. Afam Capital Inc. owned 0.15% of ManpowerGroup worth $11,544,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in ManpowerGroup by 27.6% in the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock valued at $103,000 after buying an additional 200 shares during the last quarter. IFP Advisors Inc boosted its position in ManpowerGroup by 14.1% in 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 last quarter. First Quadrant L P CA purchased a new stake in ManpowerGroup in the second quarter valued at approximately $123,000. Harfst & Associates Inc. purchased a new stake in ManpowerGroup in the second quarter valued at approximately $149,000. Finally, Exane Derivatives boosted its position in ManpowerGroup by 166.7% in 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 last quarter. Hedge funds and other institutional investors own 93.71% of the company’s stock.
ManpowerGroup (NYSE MAN) traded up 0.71% during midday trading on Friday, reaching $122.32. The company’s stock had a trading volume of 432,081 shares. ManpowerGroup has a 12-month low of $71.47 and a 12-month high of $123.44. The stock has a market cap of $8.16 billion, a P/E ratio of 18.71 and a beta of 1.40. The stock’s 50 day moving average is $116.12 and its 200 day moving average is $108.41.
ManpowerGroup (NYSE:MAN) last announced 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). ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter last year, the business posted $1.60 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts anticipate that ManpowerGroup will post $6.75 earnings per share for the current year.
A number of equities research analysts recently commented on MAN shares. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Tuesday, July 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a $111.00 price objective (up previously from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. BMO Capital Markets upped their price objective on ManpowerGroup from $113.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Finally, Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. ManpowerGroup has an average rating of “Hold” and a consensus target price of $111.60.
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In other ManpowerGroup news, Director Ulice Payne, Jr. sold 2,100 shares of ManpowerGroup 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 transaction, the director now directly owns 11,136 shares in the company, valued at approximately $1,202,019.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sriram Chandrashekar sold 19,912 shares of ManpowerGroup stock in a transaction that occurred on Thursday, July 27th. The shares were 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 in the company, valued at $174,842.01. The disclosure for this sale can be found here. Insiders sold a total of 122,858 shares of company stock worth $13,029,300 over the last quarter. Company 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.
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