Glenmede Trust Co. NA boosted its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 408,877 shares of the business services provider’s stock after acquiring an additional 7,462 shares during the period. Glenmede Trust Co. NA owned 0.62% of ManpowerGroup worth $51,562,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Vident Investment Advisory LLC lifted its position in ManpowerGroup by 6.5% during the fourth quarter. Vident Investment Advisory LLC now owns 26,024 shares of the business services provider’s stock valued at $3,282,000 after acquiring an additional 1,584 shares during the last quarter. Jane Street Group LLC lifted its position in ManpowerGroup by 63.5% during the fourth quarter. Jane Street Group LLC now owns 9,992 shares of the business services provider’s stock valued at $1,260,000 after acquiring an additional 3,880 shares during the last quarter. Millennium Management LLC lifted its position in ManpowerGroup by 4,014.4% during the fourth quarter. Millennium Management LLC now owns 167,293 shares of the business services provider’s stock valued at $21,097,000 after acquiring an additional 163,227 shares during the last quarter. Elkfork Partners LLC purchased a new stake in ManpowerGroup during the fourth quarter valued at approximately $5,316,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in ManpowerGroup during the fourth quarter valued at approximately $5,115,000. 94.28% of the stock is owned by institutional investors.
A number of research firms recently commented on MAN. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Thursday, January 11th. ValuEngine cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Argus upped their price target on shares of ManpowerGroup from $120.23 to $138.00 and gave the company a “buy” rating in a research note on Thursday, March 8th. BMO Capital Markets cut their price target on shares of ManpowerGroup to $136.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Finally, Deutsche Bank restated a “hold” rating and set a $110.00 price target on shares of ManpowerGroup in a research note on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $124.88.
ManpowerGroup Inc. (NYSE MAN) opened at $122.32 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.28 and a current ratio of 1.28. ManpowerGroup Inc. has a 52 week low of $97.15 and a 52 week high of $136.93. The stock has a market cap of $7,993.63, a P/E ratio of 15.16 and a beta of 1.34.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.07. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the prior year, the business posted $1.87 EPS. ManpowerGroup’s revenue for the quarter was up 13.7% compared to the same quarter last year. equities research analysts expect that ManpowerGroup Inc. will post 8.96 earnings per share for the current fiscal year.
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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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