Chicago Equity Partners LLC raised its stake in ManpowerGroup (NYSE:MAN) by 134.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,290 shares of the business services provider’s stock after buying an additional 54,730 shares during the period. Chicago Equity Partners LLC owned 0.14% of ManpowerGroup worth $10,639,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MAN. Teachers Advisors LLC boosted its position in ManpowerGroup by 4.1% in the first quarter. Teachers Advisors LLC now owns 222,883 shares of the business services provider’s stock valued at $22,861,000 after buying an additional 8,833 shares in the last quarter. First Trust Advisors LP boosted its position in ManpowerGroup by 0.4% in the first quarter. First Trust Advisors LP now owns 309,270 shares of the business services provider’s stock valued at $31,722,000 after buying an additional 1,245 shares in the last quarter. British Columbia Investment Management Corp boosted its position in ManpowerGroup by 61.8% in the first quarter. British Columbia Investment Management Corp now owns 99,613 shares of the business services provider’s stock valued at $10,217,000 after buying an additional 38,029 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in ManpowerGroup by 60.8% in the first quarter. BNP Paribas Arbitrage SA now owns 100,343 shares of the business services provider’s stock valued at $10,292,000 after buying an additional 37,950 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in ManpowerGroup by 3.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 33,427 shares of the business services provider’s stock valued at $3,732,000 after buying an additional 1,038 shares in the last quarter. 93.67% of the stock is owned by institutional investors.

Shares of ManpowerGroup (NYSE MAN) traded up 1.24% during midday trading on Thursday, reaching $111.73. The company’s stock had a trading volume of 44,495 shares. The firm has a 50-day moving average of $110.33 and a 200-day moving average of $104.18. The stock has a market cap of $7.46 billion, a PE ratio of 17.09 and a beta of 1.39. ManpowerGroup has a one year low of $67.30 and a one year high of $119.59.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by $0.01. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. ManpowerGroup’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 earnings per share. On average, analysts forecast that ManpowerGroup will post $6.75 EPS for the current year.

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Several equities analysts recently weighed in on the stock. BidaskClub cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. 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. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. BMO Capital Markets raised their target price on shares of ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $111.00 target price (up from $104.00) on shares of ManpowerGroup in a research note on Friday, July 14th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. ManpowerGroup currently has an average rating of “Hold” and an average price target of $109.60.

In related news, EVP Mara E. Swan sold 2,393 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total value of $261,267.74. Following the sale, the executive vice president now directly owns 27,078 shares in the company, valued at $2,956,376.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ulice Payne, Jr. sold 2,100 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $107.94, for a total value of $226,674.00. Following the completion of the sale, the director now owns 11,136 shares in the company, valued at $1,202,019.84. The disclosure for this sale can be found here. Insiders sold 124,108 shares of company stock worth $13,165,550 over the last quarter. 0.87% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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