Axa Has $18.24 Million Position in ManpowerGroup (MAN)

Axa lifted its position in shares of ManpowerGroup (NYSE:MAN) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,400 shares of the business services provider’s stock after acquiring an additional 11,600 shares during the period. Axa owned approximately 0.24% of ManpowerGroup worth $18,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Synovus Financial Corp increased its position in shares of ManpowerGroup by 0.3% during the second quarter. Synovus Financial Corp now owns 3,273 shares of the business services provider’s stock valued at $360,000 after acquiring an additional 9 shares in the last quarter. World Asset Management Inc increased its position in shares of ManpowerGroup by 0.7% during the first quarter. World Asset Management Inc now owns 5,309 shares of the business services provider’s stock valued at $545,000 after acquiring an additional 37 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of ManpowerGroup by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 17,669 shares of the business services provider’s stock valued at $1,973,000 after acquiring an additional 46 shares in the last quarter. Robecosam AG increased its position in shares of ManpowerGroup by 0.7% during the first quarter. Robecosam AG now owns 7,048 shares of the business services provider’s stock valued at $726,000 after acquiring an additional 49 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in shares of ManpowerGroup by 2.1% during the second quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 59 shares in the last quarter. 93.72% of the stock is owned by institutional investors.

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Several equities research analysts recently weighed in on MAN shares. BMO Capital Markets raised their price target on shares of ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. BidaskClub downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. Credit Suisse Group reissued a “neutral” rating and set a $111.00 price target (up previously from $106.00) on shares of ManpowerGroup in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $111.00 price target (up previously from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $109.60.

Shares of ManpowerGroup (MAN) opened at 112.36 on Friday. The company has a market cap of $7.50 billion, a P/E ratio of 17.19 and a beta of 1.38. The firm has a 50-day moving average of $108.67 and a 200-day moving average of $105.10. ManpowerGroup has a 52-week low of $67.30 and a 52-week high of $119.59.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 EPS. Equities research analysts forecast that ManpowerGroup will post $6.75 earnings per share for the current year.

In other ManpowerGroup news, EVP Mara E. Swan sold 2,393 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $109.18, for a total value of $261,267.74. Following the completion of the transaction, the executive vice president now owns 27,078 shares of the company’s stock, valued at $2,956,376.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ulice Payne, Jr. sold 2,100 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $107.94, for a total transaction of $226,674.00. Following the completion of the transaction, the director now directly owns 11,136 shares of the company’s stock, valued at approximately $1,202,019.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,108 shares of company stock valued at $13,165,550. Corporate insiders own 0.87% of the company’s stock.

ManpowerGroup 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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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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