Arvest Bank Trust Division trimmed its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 161,373 shares of the business services provider’s stock after selling 4,823 shares during the quarter. ManpowerGroup accounts for approximately 1.4% of Arvest Bank Trust Division’s portfolio, making the stock its 20th biggest position. Arvest Bank Trust Division’s holdings in ManpowerGroup were worth $20,351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Harfst & Associates Inc. acquired a new position in shares of ManpowerGroup during the second quarter valued at $149,000. National Pension Service acquired a new position in shares of ManpowerGroup during the fourth quarter valued at $165,000. Aviance Capital Management LLC acquired a new position in shares of ManpowerGroup during the second quarter valued at $200,000. Calamos Advisors LLC acquired a new position in shares of ManpowerGroup during the third quarter valued at $203,000. Finally, Bank of Hawaii acquired a new position in shares of ManpowerGroup during the third quarter valued at $207,000. 94.53% of the stock is currently owned by institutional investors.

ManpowerGroup Inc. (NYSE MAN) traded up $1.86 during trading hours on Monday, reaching $133.04. The company had a trading volume of 220,600 shares, compared to its average volume of 317,362. The firm has a market capitalization of $8,816.37, a price-to-earnings ratio of 19.80 and a beta of 1.45. ManpowerGroup Inc. has a 1 year low of $91.13 and a 1 year high of $133.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17.

ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.08. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. ManpowerGroup’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 earnings per share. equities analysts anticipate that ManpowerGroup Inc. will post 6.9 earnings per share for the current fiscal year.

In related news, Director Edward J. Zore sold 10,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $127.00, for a total value of $1,270,000.00. Following the completion of the transaction, the director now owns 29,876 shares in the company, valued at approximately $3,794,252. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia Hemingway Hall sold 3,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $127.54, for a total value of $382,620.00. Following the completion of the transaction, the director now owns 4,021 shares of the company’s stock, valued at approximately $512,838.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,284 shares of company stock worth $2,933,778. 0.87% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the company. Deutsche Bank reissued a “hold” rating and set a $110.00 price target on shares of ManpowerGroup in a report on Tuesday, January 9th. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Thursday, January 11th. ValuEngine lowered ManpowerGroup from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Argus raised their price target on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Nomura raised their price target on ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. ManpowerGroup currently has an average rating of “Hold” and an average price target of $125.25.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2018/01/22/manpowergroup-inc-man-shares-sold-by-arvest-bank-trust-division.html.

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.

Want to see what other hedge funds are holding MAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ManpowerGroup Inc. (NYSE:MAN).

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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.