Pzena Investment Management LLC Buys Shares of 351,121 ManpowerGroup Inc. (NYSE:MAN)

Pzena Investment Management LLC purchased a new stake in ManpowerGroup Inc. (NYSE:MANFree Report) in the second quarter, HoldingsChannel reports. The firm purchased 351,121 shares of the business services provider’s stock, valued at approximately $24,508,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MAN. Hancock Whitney Corp boosted its stake in ManpowerGroup by 2.2% during the 1st quarter. Hancock Whitney Corp now owns 6,666 shares of the business services provider’s stock worth $518,000 after acquiring an additional 144 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in shares of ManpowerGroup by 2.3% during the second quarter. SummerHaven Investment Management LLC now owns 9,029 shares of the business services provider’s stock worth $630,000 after purchasing an additional 207 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of ManpowerGroup by 62.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock valued at $45,000 after buying an additional 224 shares during the period. Hexagon Capital Partners LLC grew its holdings in shares of ManpowerGroup by 25.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,364 shares of the business services provider’s stock valued at $106,000 after buying an additional 278 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its position in shares of ManpowerGroup by 2.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 12,699 shares of the business services provider’s stock valued at $886,000 after buying an additional 279 shares in the last quarter. 98.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MAN. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. BMO Capital Markets lifted their price objective on ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Finally, BNP Paribas raised ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 target price for the company in a research note on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $82.40.

View Our Latest Stock Report on ManpowerGroup

ManpowerGroup Trading Down 2.7 %

NYSE MAN opened at $71.94 on Wednesday. ManpowerGroup Inc. has a 52 week low of $66.03 and a 52 week high of $80.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50 day moving average price is $71.53 and its two-hundred day moving average price is $73.14. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 74.16, a PEG ratio of 1.89 and a beta of 1.47.

ManpowerGroup (NYSE:MANGet Free Report) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.53 billion. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. As a group, analysts anticipate that ManpowerGroup Inc. will post 4.87 earnings per share for the current fiscal year.

ManpowerGroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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