ManpowerGroup Inc. (MAN) Shares Bought by Boston Advisors LLC
Boston Advisors LLC lifted its position in ManpowerGroup Inc. (NYSE:MAN) by 80.0% in the 1st quarter, HoldingsChannel reports. The fund owned 47,156 shares of the business services provider’s stock after buying an additional 20,958 shares during the period. Boston Advisors LLC’s holdings in ManpowerGroup were worth $3,899,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. FMR LLC grew its position in shares of ManpowerGroup by 131.4% during the third quarter. FMR LLC now owns 381,585 shares of the business services provider’s stock worth $32,801,000 after purchasing an additional 216,676 shares in the last quarter. LPL Financial LLC grew its position in shares of ManpowerGroup by 55.1% during the third quarter. LPL Financial LLC now owns 4,404 shares of the business services provider’s stock worth $379,000 after purchasing an additional 1,565 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of ManpowerGroup by 2.5% during the third quarter. The Manufacturers Life Insurance Company now owns 107,803 shares of the business services provider’s stock worth $9,267,000 after purchasing an additional 2,626 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of ManpowerGroup by 5.9% during the third quarter. Thrivent Financial for Lutherans now owns 15,886 shares of the business services provider’s stock worth $1,366,000 after purchasing an additional 887 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of ManpowerGroup by 12.2% during the third quarter. Macquarie Group Ltd. now owns 52,850 shares of the business services provider’s stock worth $4,543,000 after purchasing an additional 5,750 shares in the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.
Several research firms recently issued reports on MAN. BMO Capital Markets increased their target price on ManpowerGroup to $93.00 and gave the stock a “market perform” rating in a research report on Monday. ValuEngine upgraded ManpowerGroup from a “sell” rating to a “hold” rating in a report on Friday, April 19th. Royal Bank of Canada assumed coverage on ManpowerGroup in a report on Tuesday, April 16th. They set an “outperform” rating and a $114.00 price target for the company. TheStreet upgraded ManpowerGroup from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th. Finally, Zacks Investment Research cut ManpowerGroup from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $98.50.
NYSE MAN opened at $97.16 on Wednesday. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 4.07 and a beta of 1.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.43 and a quick ratio of 1.44. ManpowerGroup Inc. has a 1-year low of $61.57 and a 1-year high of $100.89.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, April 18th. The business services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5 billion. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.72 EPS. As a group, research analysts forecast that ManpowerGroup Inc. will post 7.71 EPS for the current fiscal year.
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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: Stock Split
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