Stone Ridge Asset Management LLC Has $1.95 Million Stake in ManpowerGroup Inc. (MAN)

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Stone Ridge Asset Management LLC increased its position in ManpowerGroup Inc. (NYSE:MAN) by 144.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,150 shares of the business services provider’s stock after purchasing an additional 17,792 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in ManpowerGroup were worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MAN. Fort L.P. boosted its stake in shares of ManpowerGroup by 926.4% in the fourth quarter. Fort L.P. now owns 544 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 491 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in ManpowerGroup by 6,258.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,212,136 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 3,161,617 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in ManpowerGroup in the fourth quarter valued at $84,000. Daiwa Securities Group Inc. raised its holdings in ManpowerGroup by 8.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 180 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in ManpowerGroup by 133.3% in the third quarter. Schroder Investment Management Group now owns 2,100 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 90.36% of the company’s stock.

Shares of NYSE:MAN traded up $0.80 on Tuesday, reaching $86.24. 563 shares of the company’s stock were exchanged, compared to its average volume of 552,623. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 3.54 and a beta of 1.50. ManpowerGroup Inc. has a fifty-two week low of $61.57 and a fifty-two week high of $122.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.44 and a current ratio of 1.44.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, January 31st. The business services provider reported $2.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. The company had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.54 billion. ManpowerGroup had a net margin of 2.53% and a return on equity of 20.65%. Sell-side analysts expect that ManpowerGroup Inc. will post 7.71 EPS for the current fiscal year.

In related news, SVP Richard Buchband sold 3,471 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $83.15, for a total value of $288,613.65. Following the sale, the senior vice president now owns 4,986 shares of the company’s stock, valued at approximately $414,585.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Sriram Chandrashekar sold 14,706 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $84.90, for a total transaction of $1,248,539.40. The disclosure for this sale can be found here. Insiders have sold 19,927 shares of company stock worth $1,686,603 over the last three months. 1.02% of the stock is owned by corporate insiders.

Several analysts recently issued reports on the stock. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th. BMO Capital Markets cut shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and cut their price target for the company from $83.00 to $81.00 in a report on Friday, February 1st. ValuEngine raised shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st. Finally, Zacks Investment Research cut shares of ManpowerGroup from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. ManpowerGroup has a consensus rating of “Hold” and a consensus price target of $98.67.

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ManpowerGroup Company Profile

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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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