Advisors Asset Management Inc. Sells 24,296 Shares of ManpowerGroup Inc. $MAN

Advisors Asset Management Inc. decreased its holdings in ManpowerGroup Inc. (NYSE:MAN) by 15.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,037 shares of the business services provider’s stock after selling 24,296 shares during the period. Advisors Asset Management Inc. owned approximately 0.28% of ManpowerGroup worth $4,853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baird Financial Group Inc. purchased a new position in shares of ManpowerGroup in the first quarter valued at about $219,000. Goldman Sachs Group Inc. lifted its position in ManpowerGroup by 12.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock valued at $20,109,000 after acquiring an additional 38,710 shares during the period. Empowered Funds LLC lifted its holdings in shares of ManpowerGroup by 3.2% during the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after purchasing an additional 414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in ManpowerGroup by 9.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock worth $9,325,000 after acquiring an additional 13,906 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in ManpowerGroup in the 1st quarter worth about $348,000. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Price Performance

Shares of MAN stock opened at $29.17 on Friday. The company has a market capitalization of $1.35 billion, a P/E ratio of -97.22 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.00. ManpowerGroup Inc. has a one year low of $26.14 and a one year high of $63.35. The company’s 50-day simple moving average is $30.82 and its two-hundred day simple moving average is $34.26.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.63 billion. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 earnings per share. As a group, equities analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a report on Monday, December 29th. Robert W. Baird set a $50.00 price target on ManpowerGroup in a report on Friday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. BMO Capital Markets raised ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Thursday, December 18th. Finally, UBS Group set a $35.00 price objective on shares of ManpowerGroup in a report on Friday, January 30th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.13.

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.