ManpowerGroup Inc. (NYSE:MAN) Shares Acquired by BlackRock Inc.

BlackRock Inc. grew its stake in ManpowerGroup Inc. (NYSE:MAN) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,392,931 shares of the business services provider’s stock after purchasing an additional 8,658 shares during the quarter. BlackRock Inc. owned approximately 10.68% of ManpowerGroup worth $617,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in shares of ManpowerGroup by 8.3% in the second quarter. AQR Capital Management LLC now owns 2,645,579 shares of the business services provider’s stock worth $254,108,000 after buying an additional 201,806 shares in the last quarter. LSV Asset Management lifted its stake in shares of ManpowerGroup by 11.8% in the second quarter. LSV Asset Management now owns 2,131,555 shares of the business services provider’s stock worth $205,908,000 after buying an additional 224,300 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of ManpowerGroup by 40.2% in the second quarter. Victory Capital Management Inc. now owns 1,966,971 shares of the business services provider’s stock worth $190,009,000 after buying an additional 563,771 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of ManpowerGroup by 23.4% in the second quarter. Acadian Asset Management LLC now owns 973,295 shares of the business services provider’s stock worth $94,020,000 after buying an additional 184,634 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of ManpowerGroup by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 928,794 shares of the business services provider’s stock worth $89,721,000 after buying an additional 28,202 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Shares of MAN stock opened at $94.29 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.46. The firm’s 50-day moving average is $86.96 and its two-hundred day moving average is $89.17. ManpowerGroup Inc. has a 12 month low of $61.57 and a 12 month high of $97.96. The company has a market capitalization of $5.54 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 8.45 and a beta of 1.61.

ManpowerGroup declared that its Board of Directors has approved a share repurchase program on Friday, August 2nd that permits the company to buyback 6,000,000 outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

In other ManpowerGroup news, EVP Mara E. Swan sold 14,871 shares of ManpowerGroup stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $84.48, for a total transaction of $1,256,302.08. Following the transaction, the executive vice president now directly owns 7,228 shares of the company’s stock, valued at $610,621.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Richard Buchband sold 2,500 shares of ManpowerGroup stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $92.50, for a total transaction of $231,250.00. Following the transaction, the senior vice president now directly owns 5,714 shares in the company, valued at $528,545. The disclosure for this sale can be found here. Insiders have sold 37,108 shares of company stock worth $3,274,382 over the last ninety days. 1.49% of the stock is owned by insiders.

Several equities analysts have recently weighed in on MAN shares. JPMorgan Chase & Co. raised their price target on shares of ManpowerGroup from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Robert W. Baird set a $101.00 price target on shares of ManpowerGroup and gave the stock a “buy” rating in a research note on Friday, October 18th. Bank of America decreased their price target on shares of ManpowerGroup from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. ValuEngine raised shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets raised their price target on shares of ManpowerGroup from $86.00 to $88.00 and gave the stock a “market perform” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $94.14.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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