Wealth Enhancement Advisory Services LLC Has $1.31 Million Stake in ManpowerGroup Inc. (MAN)

Wealth Enhancement Advisory Services LLC grew its stake in ManpowerGroup Inc. (NYSE:MAN) by 21.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,115 shares of the business services provider’s stock after purchasing an additional 1,812 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in ManpowerGroup were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in MAN. Wells Fargo & Company MN grew its stake in shares of ManpowerGroup by 55.8% in the 2nd quarter. Wells Fargo & Company MN now owns 283,224 shares of the business services provider’s stock valued at $31,622,000 after purchasing an additional 101,465 shares during the period. Alliancebernstein L.P. grew its position in ManpowerGroup by 3.8% during the 2nd quarter. Alliancebernstein L.P. now owns 51,672 shares of the business services provider’s stock worth $5,769,000 after acquiring an additional 1,910 shares during the last quarter. Ameriprise Financial Inc. grew its position in ManpowerGroup by 6.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 247,933 shares of the business services provider’s stock worth $27,681,000 after acquiring an additional 14,378 shares during the last quarter. Amalgamated Bank grew its position in ManpowerGroup by 24.2% during the 2nd quarter. Amalgamated Bank now owns 13,182 shares of the business services provider’s stock worth $1,472,000 after acquiring an additional 2,572 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in ManpowerGroup by 5.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,510 shares of the business services provider’s stock worth $1,508,000 after acquiring an additional 670 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.

In other ManpowerGroup news, EVP Mara E. Swan sold 6,731 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $123.19, for a total transaction of $829,191.89. Following the transaction, the executive vice president now owns 31,416 shares of the company’s stock, valued at approximately $3,870,137.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Richard Buchband sold 2,059 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $126.48, for a total value of $260,422.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,015 shares of company stock worth $3,762,970. Company insiders own 0.87% of the company’s stock.

ManpowerGroup Inc. (NYSE:MAN) opened at $133.04 on Friday. ManpowerGroup Inc. has a 1-year low of $91.13 and a 1-year high of $133.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $8,693.11, a price-to-earnings ratio of 19.43 and a beta of 1.45.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.08. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the prior year, the business earned $1.87 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities analysts expect that ManpowerGroup Inc. will post 6.9 earnings per share for the current year.

A number of research firms recently commented on MAN. 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 report on Thursday, January 11th. Deutsche Bank restated a “hold” rating and set a $110.00 price target on shares of ManpowerGroup in a research report on Tuesday, January 9th. ValuEngine lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Argus increased their price target on ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Nomura increased their price target on ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. ManpowerGroup presently has a consensus rating of “Hold” and an average target price of $125.25.

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About ManpowerGroup

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.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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