ManpowerGroup (NYSE:MAN) Receives Consensus Rating of "Buy" from Analysts
- Sylvain Tremaux
Creative Planning raised its stake in shares of ManpowerGroup (NYSE:MAN) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Synovus Financial Corp now owns 3,273 shares of the business services provider's stock worth $360,000 after buying an additional 9 shares in the last quarter. PGGM Investments owned 0.07% of ManpowerGroup worth $5,018,000 at the end of the most recent reporting period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of ManpowerGroup by 31.4% in the first quarter. BlackRock Inc. now owns 8,185,672 shares of the business services provider's stock valued at $839,606,000 after buying an additional 7,573,043 shares during the last quarter. First Trust Advisors LP boosted its stake in ManpowerGroup by 0.4% in the first quarter. Chicago Equity Partners LLC added to its investment by buying 54,730 shares an increase of 134.9% in the quarter. Gateway Investment Advisers LLC now owns 17,669 shares of the business services provider's stock worth $1,973,000 after buying an additional 46 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in ManpowerGroup by 21.1% in the first quarter. Robecosam AG now owns 7,048 shares of the business services provider's stock worth $726,000 after buying an additional 49 shares in the last quarter. Exane Derivatives increased its stake in ManpowerGroup by 166.7% in the second quarter. JPMorgan Chase & Co. now owns 1,465,441 shares of the business services provider's stock valued at $150,311,000 after buying an additional 663,971 shares during the last quarter.
Shares of ManpowerGroup (MAN) traded down 0.38% during trading on Friday, hitting $106.85. The company has a market capitalization of $7.16 billion, a P/E ratio of 16.41 and a beta of 1.39. ManpowerGroup has a 12-month low of $67.30 and a 12-month high of $119.59. The firm has a 50-day moving average price of $110.90 and a 200 day moving average price of $103.33.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.73 by $0.01. The business had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.06 billion.
Evanston Investments Inc. Dba Evanston Advisors holds 2.41% of its portfolio in ManpowerGroup Inc. for 88,052 shares. ManpowerGroup's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 earnings per share.
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36 killed, 12 others missing in floods and landslides in Nepal
An official said the government was yet to confirm the total number of deaths and the extent of the damage. The Prime Minister's office issued a statement putting the death toll at more than two dozen since Friday.
Several research firms have commented on MAN. BidaskClub raised ManpowerGroup from a "hold" rating to a "buy" rating in a research report on Friday. Credit Suisse Group reaffirmed a "neutral" rating and issued a $111.00 price objective (up previously from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Royal Bank Of Canada restated a "sector perform" rating and issued a $111.00 price objective (up from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th.
On July 1 the company was downgraded from "Overweight" to "Equal-weight" with a current price target of $65.00 in an announcement from Barclays.
In other news, SVP Richard Buchband sold 1,250 shares of ManpowerGroup stock in a transaction on Monday, June 19th. The shares were sold at an average price of $107.94, for a total value of $226,674.00. Burney Co/ owns 33,648 shares valued at $3,714,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ulice Payne, Jr. sold 2,100 shares of ManpowerGroup stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $105.39, for a total value of $2,098,525.68. Following the sale, the chief operating officer now directly owns 36,454 shares of the company's stock, valued at approximately $3,857,926.82. The disclosure for this sale can be found here. Insiders sold a total of 121,715 shares of company stock worth $12,904,283 in the last ninety days. Insiders own 0.87% of the company's stock.
ManpowerGroup Inc.is a provider of workforce solutions and services. The Company's divisions include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, Right Management and Corporate. The Company's Americas segment includes activities in the United States and Other Americas.
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