Bp Plc Purchases New Position in ManpowerGroup Inc. (MAN)
Bp Plc purchased a new stake in ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 8,000 shares of the business services provider’s stock, valued at approximately $1,009,000.
Other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of ManpowerGroup by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,032 shares of the business services provider’s stock valued at $11,057,000 after purchasing an additional 906 shares during the last quarter. Koch Industries Inc. bought a new position in shares of ManpowerGroup in the 2nd quarter valued at $208,000. Mutual of America Capital Management LLC increased its stake in shares of ManpowerGroup by 0.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,819 shares of the business services provider’s stock valued at $6,459,000 after purchasing an additional 483 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of ManpowerGroup by 22.8% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 156,680 shares of the business services provider’s stock valued at $18,460,000 after purchasing an additional 29,091 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of ManpowerGroup by 2.9% in the 3rd quarter. California Public Employees Retirement System now owns 237,568 shares of the business services provider’s stock valued at $27,990,000 after purchasing an additional 6,618 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Thursday, January 11th. ValuEngine lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reiterated a “hold” rating and issued a $107.00 price target on shares of ManpowerGroup in a research note on Friday, October 20th. Argus lifted their price target on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Nomura boosted their price objective on ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $124.50.
Shares of ManpowerGroup Inc. (NYSE MAN) opened at $115.60 on Monday. The firm has a market capitalization of $7,660.00, a price-to-earnings ratio of 14.34 and a beta of 1.28. ManpowerGroup Inc. has a 52-week low of $94.34 and a 52-week high of $136.93. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Friday, February 2nd. The business services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.54 billion. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. ManpowerGroup’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS. analysts forecast that ManpowerGroup Inc. will post 8.96 earnings per share for the current fiscal year.
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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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