ManpowerGroup Inc. (MAN) Stake Decreased by LS Investment Advisors LLC

LS Investment Advisors LLC cut its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,824 shares of the business services provider’s stock after selling 1,073 shares during the period. LS Investment Advisors LLC’s holdings in ManpowerGroup were worth $734,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC grew its stake in shares of ManpowerGroup by 33.2% during the fourth quarter. Acadian Asset Management LLC now owns 2,296,960 shares of the business services provider’s stock valued at $289,674,000 after acquiring an additional 573,030 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of ManpowerGroup by 4.1% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,208,930 shares of the business services provider’s stock valued at $142,436,000 after acquiring an additional 47,200 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of ManpowerGroup by 15.7% during the fourth quarter. APG Asset Management N.V. now owns 1,107,339 shares of the business services provider’s stock valued at $116,295,000 after acquiring an additional 149,900 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of ManpowerGroup by 26.7% during the third quarter. Russell Investments Group Ltd. now owns 567,167 shares of the business services provider’s stock valued at $66,823,000 after acquiring an additional 119,378 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of ManpowerGroup by 5.6% during the third quarter. Legal & General Group Plc now owns 450,689 shares of the business services provider’s stock valued at $53,108,000 after acquiring an additional 24,027 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

ManpowerGroup Inc. (NYSE MAN) opened at $122.97 on Thursday. The company has a market capitalization of $7,914.45, a PE ratio of 16.89 and a beta of 1.29. ManpowerGroup Inc. has a 52 week low of $95.31 and a 52 week high of $136.93. The company has a quick ratio of 1.29, a current ratio of 1.28 and a debt-to-equity ratio of 0.17.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Friday, February 2nd. The business services provider reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.54 billion. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $1.87 earnings per share. analysts anticipate that ManpowerGroup Inc. will post 8.96 EPS for the current fiscal year.

In related news, Director Patricia Hemingway Hall sold 3,000 shares of ManpowerGroup stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $127.54, for a total value of $382,620.00. Following the completion of the transaction, the director now directly owns 4,021 shares in the company, valued at $512,838.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mara E. Swan sold 7,127 shares of ManpowerGroup stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $118.84, for a total value of $846,972.68. Following the completion of the transaction, the executive vice president now owns 27,986 shares of the company’s stock, valued at $3,325,856.24. The disclosure for this sale can be found here. Insiders sold 20,127 shares of company stock valued at $2,499,593 over the last quarter. Insiders own 0.87% of the company’s stock.

Several analysts have recently weighed in on the company. ValuEngine upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank restated a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a research note on Tuesday, January 9th. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Thursday, January 11th. Argus raised their target price on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Credit Suisse Group restated a “neutral” rating and set a $126.00 target price (up from $111.00) on shares of ManpowerGroup in a research note on Monday, October 23rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $124.50.

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About ManpowerGroup

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.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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