ManpowerGroup Inc. $MAN Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in ManpowerGroup Inc. (NYSE:MAN) by 26.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 584,199 shares of the business services provider’s stock after acquiring an additional 121,257 shares during the period. Barclays PLC owned about 1.26% of ManpowerGroup worth $22,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Alberta Investment Management Corp raised its holdings in ManpowerGroup by 772.9% in the third quarter. Alberta Investment Management Corp now owns 1,059,100 shares of the business services provider’s stock valued at $40,140,000 after acquiring an additional 937,771 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of ManpowerGroup by 696.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 991,063 shares of the business services provider’s stock valued at $40,039,000 after purchasing an additional 866,693 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of ManpowerGroup by 48.2% during the second quarter. Schroder Investment Management Group now owns 1,778,578 shares of the business services provider’s stock worth $71,855,000 after purchasing an additional 578,843 shares in the last quarter. Franklin Resources Inc. increased its holdings in ManpowerGroup by 49.5% in the second quarter. Franklin Resources Inc. now owns 955,675 shares of the business services provider’s stock valued at $38,609,000 after buying an additional 316,377 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in ManpowerGroup by 272.8% in the second quarter. Quantinno Capital Management LP now owns 322,479 shares of the business services provider’s stock valued at $13,028,000 after buying an additional 235,987 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of ManpowerGroup in a report on Monday, December 29th. Barclays lowered their target price on shares of ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. UBS Group set a $35.00 price target on shares of ManpowerGroup in a research note on Friday, January 30th. Wall Street Zen raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, The Goldman Sachs Group upped their price objective on shares of ManpowerGroup from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.25.

ManpowerGroup Stock Performance

NYSE MAN opened at $27.29 on Thursday. The business has a 50 day moving average price of $30.33 and a 200 day moving average price of $32.45. The company has a market capitalization of $1.27 billion, a P/E ratio of -90.96 and a beta of 0.91. ManpowerGroup Inc. has a 1-year low of $25.15 and a 1-year high of $61.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.63 billion. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 earnings per share. Sell-side analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

About ManpowerGroup

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.