Bank of New York Mellon Corp boosted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 10.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 914,587 shares of the business services provider’s stock after acquiring an additional 82,946 shares during the period. Bank of New York Mellon Corp’s holdings in ManpowerGroup were worth $59,265,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Schroder Investment Management Group grew its holdings in shares of ManpowerGroup by 133.3% during the third quarter. Schroder Investment Management Group now owns 2,100 shares of the business services provider’s stock worth $181,000 after buying an additional 1,200 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in shares of ManpowerGroup during the third quarter worth $198,000. Daiwa Securities Group Inc. grew its holdings in shares of ManpowerGroup by 8.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the business services provider’s stock worth $157,000 after buying an additional 180 shares in the last quarter. Banco Santander S.A. purchased a new stake in shares of ManpowerGroup during the third quarter worth $236,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of ManpowerGroup during the third quarter worth $256,000. Institutional investors own 88.53% of the company’s stock.

Shares of MAN opened at $84.51 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.38. ManpowerGroup Inc. has a 12-month low of $61.57 and a 12-month high of $123.28. The stock has a market capitalization of $4.90 billion, a P/E ratio of 9.44, a PEG ratio of 3.43 and a beta of 1.50.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, January 31st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. ManpowerGroup had a net margin of 2.53% and a return on equity of 20.65%. The firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.54 billion. Equities research analysts anticipate that ManpowerGroup Inc. will post 7.71 EPS for the current year.

In related news, Director Ulice Payne, Jr. sold 1,750 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $85.40, for a total value of $149,450.00. Following the completion of the sale, the director now owns 8,036 shares of the company’s stock, valued at $686,274.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sriram Chandrashekar sold 14,706 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $84.90, for a total transaction of $1,248,539.40. The disclosure for this sale can be found here. Insiders sold 19,927 shares of company stock valued at $1,686,603 in the last three months. 1.02% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th. BMO Capital Markets lowered shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $83.00 to $81.00 in a report on Friday, February 1st. ValuEngine raised shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st. Finally, Zacks Investment Research lowered shares of ManpowerGroup from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $98.67.

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About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

Further Reading: What is Net Asset Value (NAV)?

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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