Flinton Capital Management LLC lowered its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,648 shares of the business services provider’s stock after selling 7,420 shares during the period. Flinton Capital Management LLC owned 0.08% of ManpowerGroup worth $6,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in MAN. Schroder Investment Management Group bought a new stake in ManpowerGroup in the fourth quarter worth $113,000. National Pension Service bought a new stake in ManpowerGroup in the fourth quarter worth $165,000. Tower Research Capital LLC TRC increased its position in ManpowerGroup by 678.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,180 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in ManpowerGroup in the fourth quarter worth $202,000. Finally, Mckinley Capital Management LLC Delaware bought a new stake in ManpowerGroup in the third quarter worth $221,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.
ManpowerGroup Inc. (NYSE MAN) opened at $121.24 on Wednesday. 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 1 year low of $97.15 and a 1 year high of $136.93. The firm has a market cap of $7,963.19, a price-to-earnings ratio of 17.02 and a beta of 1.34.
In other ManpowerGroup news, EVP Sriram Chandrashekar sold 39,420 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $119.33, for a total transaction of $4,703,988.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Richard Buchband sold 1,000 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $118.49, for a total transaction of $118,490.00. Following the transaction, the senior vice president now owns 8,457 shares in the company, valued at approximately $1,002,069.93. The disclosure for this sale can be found here. Insiders have sold 57,547 shares of company stock worth $6,842,051 in the last quarter. Company insiders own 0.87% of the company’s stock.
Several brokerages recently weighed in on MAN. Argus boosted their price target on shares of ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, March 8th. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Monday, February 5th. BMO Capital Markets reduced their price target on shares of ManpowerGroup to $136.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. ValuEngine upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank restated a “hold” rating and issued a $110.00 price target on shares of ManpowerGroup in a research report on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $124.88.
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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