ManpowerGroup Inc. $MAN Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its stake in ManpowerGroup Inc. (NYSE:MAN) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,900 shares of the business services provider’s stock after purchasing an additional 2,000 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in ManpowerGroup were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAN. GAMMA Investing LLC boosted its position in ManpowerGroup by 190.6% during the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock worth $43,000 after acquiring an additional 488 shares during the last quarter. Fifth Third Bancorp boosted its position in ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock worth $43,000 after acquiring an additional 243 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in ManpowerGroup by 15.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,005 shares of the business services provider’s stock worth $1,505,000 after acquiring an additional 3,499 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in ManpowerGroup during the first quarter worth about $887,000. Finally, Lecap Asset Management Ltd. boosted its position in ManpowerGroup by 103.6% during the first quarter. Lecap Asset Management Ltd. now owns 18,360 shares of the business services provider’s stock worth $1,063,000 after acquiring an additional 9,344 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Stock Down 6.7%

Shares of ManpowerGroup stock opened at $35.47 on Friday. The company has a market cap of $1.64 billion, a P/E ratio of -93.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98. ManpowerGroup Inc. has a one year low of $35.08 and a one year high of $70.58. The firm has a fifty day moving average of $39.64 and a two-hundred day moving average of $42.18.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.34 billion. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.98%. ManpowerGroup’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 EPS. On average, analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

Analyst Ratings Changes

MAN has been the topic of a number of analyst reports. Wall Street Zen raised shares of ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Truist Financial dropped their price objective on shares of ManpowerGroup from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday. Weiss Ratings reiterated a “sell (d+)” rating on shares of ManpowerGroup in a report on Wednesday, October 8th. Finally, UBS Group lowered their target price on shares of ManpowerGroup from $46.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $46.40.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services worldwide. 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. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.