Insider Selling: ManpowerGroup EVP Sells 22,071 Shares of Stock (MAN)
ManpowerGroup (NYSE:MAN) EVP Mara Swan unloaded 22,071 shares of the company’s stock on the open market in a transaction dated Thursday, October 24th. The stock was sold at an average price of $78.17, for a total transaction of $1,725,290.07. Following the completion of the sale, the executive vice president now directly owns 15,377 shares of the company’s stock, valued at approximately $1,202,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ManpowerGroup (NYSE:MAN) traded up 0.37% during mid-day trading on Friday, hitting $79.00. The stock had a trading volume of 490,615 shares. ManpowerGroup has a 1-year low of $34.87 and a 1-year high of $77.31. The stock’s 50-day moving average is $68.04 and its 200-day moving average is $59.14. The company has a market cap of $6.185 billion and a price-to-earnings ratio of 29.87.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Monday, October 21st. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.10. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis.
MAN has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of ManpowerGroup from $74.00 to $80.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of ManpowerGroup from $66.00 to $81.00 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of ManpowerGroup from $72.00 to $91.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $81.56.
ManpowerGroup Inc, formerly Manpower Inc provides workforce solutions and services. The Company provides a comprehensive suite of high-impact workforce solutions and services for the entire business cycle, which includes recruitment and assessment, training and development, career management, outsourcing and workforce consulting.
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