Caisse DE Depot ET Placement DU Quebec decreased its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 21.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,600 shares of the business services provider’s stock after selling 10,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in ManpowerGroup were worth $4,868,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schroder Investment Management Group bought a new stake in ManpowerGroup during the fourth quarter worth about $113,000. National Pension Service bought a new stake in ManpowerGroup during the fourth quarter worth about $165,000. Tower Research Capital LLC TRC lifted its position in ManpowerGroup by 678.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,180 shares during the period. Cornerstone Wealth Management LLC bought a new stake in ManpowerGroup during the fourth quarter worth about $202,000. Finally, Mckinley Capital Management LLC Delaware bought a new stake in ManpowerGroup during the third quarter worth about $221,000. 93.03% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on MAN. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Thursday, January 11th. ValuEngine cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Argus upped their price objective on shares of ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets cut their price objective on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $110.00 price objective on shares of ManpowerGroup in a research report on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $124.88.
ManpowerGroup (NYSE:MAN) last posted its earnings results on Friday, February 2nd. The business services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.54 billion. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.87 earnings per share. equities research analysts forecast that ManpowerGroup Inc. will post 8.96 EPS for the current fiscal year.
In other news, COO Darryl Green sold 10,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $117.26, for a total value of $1,172,600.00. Following the completion of the transaction, the chief operating officer now owns 21,233 shares of the company’s stock, valued at $2,489,781.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sriram Chandrashekar sold 39,420 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $119.33, for a total transaction of $4,703,988.60. The disclosure for this sale can be found here. Insiders sold 57,547 shares of company stock valued at $6,842,051 in the last three months. Company insiders own 0.87% of the company’s stock.
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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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