ManpowerGroup Inc. (MAN) Position Lowered by BT Investment Management Ltd
BT Investment Management Ltd lowered its position in ManpowerGroup Inc. (NYSE:MAN) by 34.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 31,136 shares of the business services provider’s stock after selling 16,252 shares during the period. BT Investment Management Ltd’s holdings in ManpowerGroup were worth $3,927,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in shares of ManpowerGroup in the 4th quarter valued at $165,000. Calamos Advisors LLC bought a new stake in shares of ManpowerGroup in the 3rd quarter valued at $203,000. Bank of Hawaii bought a new stake in shares of ManpowerGroup in the 3rd quarter valued at $207,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of ManpowerGroup in the 3rd quarter valued at $221,000. Finally, Assetmark Inc. increased its position in shares of ManpowerGroup by 1,268.1% in the 3rd quarter. Assetmark Inc. now owns 1,888 shares of the business services provider’s stock valued at $222,000 after buying an additional 1,750 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.
In related news, Director Cari M. Dominguez sold 500 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $126.29, for a total value of $63,145.00. Following the completion of the transaction, the director now directly owns 16,990 shares of the company’s stock, valued at approximately $2,145,667.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Richard Buchband sold 2,059 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $126.48, for a total transaction of $260,422.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,559 shares of company stock valued at $1,976,187. Company insiders own 0.87% of the company’s stock.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.54 billion. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 EPS. analysts predict that ManpowerGroup Inc. will post 8.96 earnings per share for the current year.
A number of research firms recently commented on MAN. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research report on Monday. BMO Capital Markets lowered their price objective on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a research report on Monday. ValuEngine upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Deutsche Bank reaffirmed a “hold” rating and issued a $110.00 target price on shares of ManpowerGroup in a research note on Tuesday, January 9th. Finally, Argus upped their target price on shares of ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $124.50.
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ManpowerGroup Company Profile
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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