Great West Life Assurance Co. Can Sells 3,518 Shares of ManpowerGroup (NYSE:MAN)
Great West Life Assurance Co. Can cut its position in ManpowerGroup (NYSE:MAN) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 75,285 shares of the business services provider’s stock after selling 3,518 shares during the period. Great West Life Assurance Co. Can’s holdings in ManpowerGroup were worth $8,396,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of ManpowerGroup by 1,236.2% in the first quarter. BlackRock Inc. now owns 8,185,672 shares of the business services provider’s stock worth $839,606,000 after buying an additional 7,573,043 shares during the period. Acadian Asset Management LLC boosted its position in shares of ManpowerGroup by 334.8% in the first quarter. Acadian Asset Management LLC now owns 920,404 shares of the business services provider’s stock worth $94,408,000 after buying an additional 708,698 shares during the period. JPMorgan Chase & Co. boosted its position in shares of ManpowerGroup by 82.8% in the first quarter. JPMorgan Chase & Co. now owns 1,465,441 shares of the business services provider’s stock worth $150,311,000 after buying an additional 663,971 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of ManpowerGroup during the first quarter worth approximately $57,066,000. Finally, LSV Asset Management boosted its position in shares of ManpowerGroup by 37.3% in the first quarter. LSV Asset Management now owns 1,458,668 shares of the business services provider’s stock worth $149,615,000 after buying an additional 396,096 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.
ManpowerGroup (NYSE MAN) opened at 106.85 on Friday. ManpowerGroup has a 12-month low of $67.30 and a 12-month high of $119.59. The company’s 50-day moving average price is $110.90 and its 200-day moving average price is $103.33. The stock has a market cap of $7.13 billion, a PE ratio of 16.35 and a beta of 1.39.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.73 by $0.01. The business 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%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 earnings per share. On average, equities analysts expect that ManpowerGroup will post $6.75 EPS for the current fiscal year.
MAN has been the subject of a number of recent research reports. Zacks Investment Research cut ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. BMO Capital Markets lifted their target price on ManpowerGroup from $113.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $111.00 target price (up previously from $104.00) on shares of ManpowerGroup in a report on Friday, July 14th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $111.00 target price (up previously from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $102.71.
In related news, COO Darryl Green sold 76,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total value of $8,043,080.00. Following the completion of the transaction, the chief operating officer now directly owns 36,454 shares in the company, valued at $3,857,926.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 2,100 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 11,136 shares of the company’s stock, valued at $1,202,019.84. The disclosure for this sale can be found here. Insiders sold 121,715 shares of company stock valued at $12,904,283 over the last quarter. 0.87% of the stock is currently owned by company insiders.
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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