Trinity Street Asset Management LLP decreased its position in ManpowerGroup Inc. (NYSE:MAN) by 58.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 205,399 shares of the company’s stock after selling 289,708 shares during the period. ManpowerGroup makes up 3.1% of Trinity Street Asset Management LLP’s holdings, making the stock its 13th largest position. Trinity Street Asset Management LLP’s holdings in ManpowerGroup were worth $13,215,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of MAN. BlackRock Institutional Trust Company N.A. boosted its position in ManpowerGroup by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,687,296 shares of the company’s stock worth $218,800,000 after buying an additional 19,894 shares during the period. Fiduciary Management Inc. WI boosted its position in ManpowerGroup by 5.4% in the first quarter. Fiduciary Management Inc. WI now owns 1,185,450 shares of the company’s stock worth $96,519,000 after buying an additional 61,024 shares during the period. Norges Bank bought a new position in ManpowerGroup during the fourth quarter worth $66,698,000. BlackRock Group LTD boosted its position in ManpowerGroup by 5.6% in the first quarter. BlackRock Group LTD now owns 732,142 shares of the company’s stock worth $59,610,000 after buying an additional 38,540 shares during the period. Finally, Geode Capital Management LLC boosted its position in ManpowerGroup by 3.5% in the first quarter. Geode Capital Management LLC now owns 460,817 shares of the company’s stock worth $37,501,000 after buying an additional 15,743 shares during the period. 95.12% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Inc. (NYSE:MAN) traded down 0.56% during midday trading on Tuesday, hitting $67.63. 471,057 shares of the company’s stock traded hands. The company has a 50 day moving average of $69.90 and a 200-day moving average of $74.14. ManpowerGroup Inc. has a 52 week low of $57.26 and a 52 week high of $93.34. The company has a market capitalization of $4.63 billion, a PE ratio of 11.56 and a beta of 1.87.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.08. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a return on equity of 17.19% and a net margin of 2.23%. ManpowerGroup’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. Equities research analysts predict that ManpowerGroup Inc. will post $5.90 earnings per share for the current year.

A number of equities analysts have recently weighed in on MAN shares. Nomura reaffirmed a “buy” rating and set a $97.00 price target (down from $102.00) on shares of ManpowerGroup in a research note on Friday, July 22nd. Bank of America Corp. cut shares of ManpowerGroup from a “neutral” rating to an “underperform” rating in a research note on Friday, June 24th. Macquarie started coverage on shares of ManpowerGroup in a research note on Thursday, August 25th. They set an “outperform” rating and a $86.00 price target on the stock. Barclays PLC cut shares of ManpowerGroup from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $85.00 to $65.00 in a research note on Friday, July 1st. Finally, William Blair cut shares of ManpowerGroup from an “outperform” rating to a “market perform” rating in a research note on Friday, June 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. ManpowerGroup presently has an average rating of “Hold” and an average price target of $83.83.

In other ManpowerGroup news, EVP Handel Michael J. Van sold 57,348 shares of ManpowerGroup stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $70.13, for a total transaction of $4,021,815.24. Following the transaction, the executive vice president now owns 40,931 shares of the company’s stock, valued at approximately $2,870,491.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Handel Michael J. Van sold 31,855 shares of ManpowerGroup stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $69.77, for a total value of $2,222,523.35. Following the transaction, the executive vice president now directly owns 31,378 shares in the company, valued at approximately $2,189,243.06. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

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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