Auxier Asset Management Has $597,000 Holdings in ManpowerGroup (MAN)
Auxier Asset Management held its stake in shares of ManpowerGroup (NYSE:MAN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,350 shares of the business services provider’s stock at the close of the second quarter. Auxier Asset Management’s holdings in ManpowerGroup were worth $597,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Teachers Advisors LLC raised its position in ManpowerGroup by 4.1% in the 1st quarter. Teachers Advisors LLC now owns 222,883 shares of the business services provider’s stock valued at $22,861,000 after purchasing an additional 8,833 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in ManpowerGroup in the 2nd quarter valued at $1,374,000. Ray Gerald L & Associates Ltd. raised its position in ManpowerGroup by 1.9% in the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 16,200 shares of the business services provider’s stock valued at $1,809,000 after purchasing an additional 300 shares during the last quarter. Keybank National Association OH raised its position in ManpowerGroup by 42.1% in the 2nd quarter. Keybank National Association OH now owns 13,777 shares of the business services provider’s stock valued at $1,538,000 after purchasing an additional 4,080 shares during the last quarter. Finally, Burney Co. raised its position in ManpowerGroup by 10.9% in the 2nd quarter. Burney Co. now owns 33,648 shares of the business services provider’s stock valued at $3,714,000 after purchasing an additional 3,318 shares during the last quarter. Hedge funds and other institutional investors own 93.71% of the company’s stock.
In related news, COO Darryl Green sold 76,000 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the completion of the transaction, the chief operating officer now directly owns 36,454 shares of the company’s stock, valued at approximately $3,857,926.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mara E. Swan sold 2,393 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total value of $261,267.74. Following the transaction, the executive vice president now directly owns 27,078 shares of the company’s stock, valued at $2,956,376.04. The disclosure for this sale can be found here. Insiders sold a total of 122,858 shares of company stock valued at $13,029,300 over the last quarter. 0.87% of the stock is owned by corporate insiders.
Several equities analysts have issued reports on MAN shares. BidaskClub downgraded ManpowerGroup from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Tuesday, July 4th. BMO Capital Markets reissued a “buy” rating and issued a $124.00 target price on shares of ManpowerGroup in a research note on Friday, September 1st. Credit Suisse Group reissued a “neutral” rating and issued a $111.00 target price (up from $106.00) on shares of ManpowerGroup in a research note on Tuesday, July 25th. Finally, Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $111.60.
ManpowerGroup (NYSE MAN) traded up 0.71% during midday trading on Friday, hitting $122.32. The stock had a trading volume of 432,081 shares. ManpowerGroup has a 1-year low of $71.47 and a 1-year high of $123.44. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 18.71 and a beta of 1.40. The company has a 50-day moving average of $116.33 and a 200-day moving average of $108.47.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that ManpowerGroup will post $6.75 EPS for the current year.
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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