Mara E. Swan Sells 6,731 Shares of ManpowerGroup (MAN) Stock
ManpowerGroup (NYSE:MAN) EVP Mara E. Swan sold 6,731 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $123.19, for a total value of $829,191.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of ManpowerGroup (NYSE MAN) traded up 2.35% during trading on Tuesday, hitting $123.98. The stock had a trading volume of 888,486 shares. ManpowerGroup has a one year low of $74.07 and a one year high of $125.08. The firm has a market cap of $8.27 billion, a P/E ratio of 18.97 and a beta of 1.40. The firm’s 50-day moving average is $118.15 and its 200-day moving average is $109.48.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 earnings per share. Equities research analysts forecast that ManpowerGroup will post $6.83 EPS for the current year.
A number of analysts recently issued reports on MAN shares. BMO Capital Markets reissued a “buy” rating and issued a $124.00 target price on shares of ManpowerGroup in a research report on Friday, September 1st. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 price objective for the company in a research note on Wednesday, October 18th. BidaskClub downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Royal Bank Of Canada downgraded ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 28th. Finally, Nomura upped their price objective on ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. ManpowerGroup currently has an average rating of “Hold” and an average target price of $125.00.
Several hedge funds and other institutional investors have recently modified their holdings of MAN. Acrospire Investment Management LLC boosted its position in shares of ManpowerGroup by 27.6% during the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock worth $103,000 after buying an additional 200 shares during the period. IFP Advisors Inc boosted its position in shares of ManpowerGroup by 14.1% during the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after buying an additional 116 shares during the period. First Quadrant L P CA acquired a new position in shares of ManpowerGroup during the second quarter worth approximately $123,000. Harfst & Associates Inc. acquired a new position in shares of ManpowerGroup during the second quarter worth approximately $149,000. Finally, Exane Derivatives boosted its position in shares of ManpowerGroup by 166.7% during the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after buying an additional 862 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.
ManpowerGroup Company Profile
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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