Bastion Asset Management Inc. Makes New Investment in ManpowerGroup Inc. $MAN

Bastion Asset Management Inc. bought a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 36,955 shares of the business services provider’s stock, valued at approximately $1,415,000. Bastion Asset Management Inc. owned about 0.08% of ManpowerGroup as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MAN. Baird Financial Group Inc. bought a new stake in ManpowerGroup in the first quarter valued at about $219,000. Goldman Sachs Group Inc. boosted its position in shares of ManpowerGroup by 12.5% during the first quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock worth $20,109,000 after purchasing an additional 38,710 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of ManpowerGroup by 3.2% in the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after buying an additional 414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of ManpowerGroup by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock valued at $9,325,000 after buying an additional 13,906 shares during the period. Finally, Focus Partners Wealth bought a new stake in shares of ManpowerGroup in the 1st quarter valued at $348,000. 98.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MAN has been the topic of several recent analyst reports. Argus upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, February 3rd. JPMorgan Chase & Co. dropped their price target on ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Robert W. Baird set a $50.00 price objective on ManpowerGroup in a research report on Friday, January 30th. Weiss Ratings reissued a “sell (d)” rating on shares of ManpowerGroup in a research note on Monday, December 29th. Finally, UBS Group set a $35.00 target price on shares of ManpowerGroup in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, ManpowerGroup has a consensus rating of “Hold” and a consensus price target of $41.13.

ManpowerGroup Stock Down 2.0%

Shares of ManpowerGroup stock opened at $28.63 on Monday. The firm has a market cap of $1.33 billion, a PE ratio of -95.41 and a beta of 0.88. The business’s 50 day simple moving average is $30.83 and its 200 day simple moving average is $34.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.11. ManpowerGroup Inc. has a 52-week low of $26.14 and a 52-week high of $63.35.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the business earned $1.02 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

About ManpowerGroup

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.