24,412 Shares in ManpowerGroup Inc. $MAN Acquired by Caprock Group LLC

Caprock Group LLC bought a new position in ManpowerGroup Inc. (NYSE:MAN) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 24,412 shares of the business services provider’s stock, valued at approximately $925,000. Caprock Group LLC owned about 0.05% of ManpowerGroup as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MAN. Allworth Financial LP raised its stake in ManpowerGroup by 321.7% during the second quarter. Allworth Financial LP now owns 662 shares of the business services provider’s stock worth $27,000 after purchasing an additional 505 shares during the period. GAMMA Investing LLC raised its position in shares of ManpowerGroup by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock valued at $30,000 after buying an additional 406 shares during the period. True Wealth Design LLC lifted its holdings in ManpowerGroup by 72.5% in the third quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 337 shares during the last quarter. UMB Bank n.a. grew its position in ManpowerGroup by 122.2% in the third quarter. UMB Bank n.a. now owns 991 shares of the business services provider’s stock worth $38,000 after acquiring an additional 545 shares during the period. Finally, Huntington National Bank grew its position in ManpowerGroup by 41.6% in the second quarter. Huntington National Bank now owns 997 shares of the business services provider’s stock worth $40,000 after acquiring an additional 293 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ManpowerGroup Stock Performance

Shares of MAN stock opened at $28.63 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average price of $30.83 and a 200 day moving average price of $34.01. The company has a market cap of $1.33 billion, a P/E ratio of -95.41 and a beta of 0.88. ManpowerGroup Inc. has a 12 month low of $26.14 and a 12 month high of $63.35.

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

ManpowerGroup Company Profile

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.