ManpowerGroup (MAN) Shares Sold by Voya Investment Management LLC
Voya Investment Management LLC lowered its position in ManpowerGroup (NYSE:MAN) by 14.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,603 shares of the business services provider’s stock after selling 16,639 shares during the quarter. Voya Investment Management LLC owned 0.15% of ManpowerGroup worth $11,344,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in MAN. Victory Capital Management Inc. increased its position in shares of ManpowerGroup by 9.4% in the first quarter. Victory Capital Management Inc. now owns 182,808 shares of the business services provider’s stock valued at $18,750,000 after buying an additional 15,703 shares in the last quarter. Credit Agricole S A increased its position in shares of ManpowerGroup by 18.1% in the first quarter. Credit Agricole S A now owns 53,709 shares of the business services provider’s stock valued at $5,509,000 after buying an additional 8,226 shares in the last quarter. United Services Automobile Association increased its position in shares of ManpowerGroup by 61.4% in the first quarter. United Services Automobile Association now owns 24,295 shares of the business services provider’s stock valued at $2,492,000 after buying an additional 9,239 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of ManpowerGroup by 5.5% in the first quarter. OppenheimerFunds Inc. now owns 48,092 shares of the business services provider’s stock valued at $4,933,000 after buying an additional 2,512 shares in the last quarter. Finally, FMR LLC purchased a new position in shares of ManpowerGroup in the first quarter valued at $7,065,000. Institutional investors and hedge funds own 93.71% of the company’s stock.
Shares of ManpowerGroup (NYSE MAN) opened at 122.12 on Friday. The company’s 50 day moving average price is $114.07 and its 200-day moving average price is $107.63. ManpowerGroup has a 1-year low of $70.64 and a 1-year high of $122.61. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 18.68 and a beta of 1.40.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. Equities analysts expect that ManpowerGroup will post $6.75 EPS for the current fiscal year.
In other news, EVP Sriram Chandrashekar sold 19,912 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $105.39, for a total transaction of $2,098,525.68. Following the sale, the executive vice president now directly owns 1,659 shares of the company’s stock, valued at $174,842.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 2,100 shares of the business’s stock in a transaction 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 sale, the director now directly owns 11,136 shares in the company, valued at $1,202,019.84. The disclosure for this sale can be found here. Insiders have sold 122,858 shares of company stock worth $13,029,300 over the last ninety days. 0.87% of the stock is owned by insiders.
A number of brokerages have recently weighed in on MAN. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. BMO Capital Markets raised their price target on ManpowerGroup from $124.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, October 2nd. Royal Bank Of Canada cut ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Tuesday, July 4th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $111.00 price target (up previously from $106.00) on shares of ManpowerGroup in a research report on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $111.20.
ManpowerGroup Company Profile
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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