Affinity Investment Advisors buys $17,961,378 stake in ManpowerGroup (MAN)

ManpowerGroup (MAN) : Affinity Investment Advisors scooped up 46,079 additional shares in ManpowerGroup during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 255,933 shares of ManpowerGroup which is valued at $17,961,378.ManpowerGroup makes up approximately 1.28% of Affinity Investment Advisors’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in MAN by selling 13,324 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 448,501 shares of MAN which is valued at $31,475,800. ManpowerGroup makes up approx 0.03% of Ubs Asset Management Americas Inc’s portfolio.Chartwell Investment Partners boosted its stake in MAN in the latest quarter, The investment management firm added 15,105 additional shares and now holds a total of 1,191,985 shares of ManpowerGroup which is valued at $82,735,679. ManpowerGroup makes up approx 1.40% of Chartwell Investment Partners’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in MAN in the latest quarter, The investment management firm added 632 additional shares and now holds a total of 122,105 shares of ManpowerGroup which is valued at $8,292,151. ManpowerGroup makes up approx 0.02% of Mizuho Trust Banking Ltd.’s portfolio.First Manhattan Co boosted its stake in MAN in the latest quarter, The investment management firm added 5,868 additional shares and now holds a total of 65,421 shares of ManpowerGroup which is valued at $4,466,292. ManpowerGroup makes up approx 0.03% of First Manhattan Co’s portfolio.

ManpowerGroup opened for trading at $69.72 and hit $70.23 on the upside on Wednesday, eventually ending the session at $70.12, with a gain of 0.98% or 0.68 points. The heightened volatility saw the trading volume jump to 9,29,782 shares. Company has a market cap of $4,805 M.

On the company’s financial health, ManpowerGroup reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.52. The company had revenue of $5022.10 million for the quarter, compared to analysts expectations of $5060.06 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.

Many Wall Street Analysts have commented on ManpowerGroup. Deutsche Bank Initiated ManpowerGroup on Aug 18, 2016 to “Hold”, Price Target of the shares are set at $77.ManpowerGroup was Downgraded by Credit Suisse to ” Neutral” on Jun 27, 2016. ManpowerGroup was Downgraded by Avondale to ” Mkt Perform” on Jun 27, 2016.

ManpowerGroup Inc. is a provider of workforce solutions and services. The Company’s segments are Americas Southern Europe Northern Europe Asia Pacific Middle East (APME) and Right Management. The Americas segment includes operations in the United States and other Americas. The Southern Europe segment includes the operations in France Italy and other Southern Europe. The Northern Europe segment includes operations in the United Kingdom the Nordics Germany and the Netherlands. It provides placement of contingent workers in the Americas Southern Europe Northern Europe and APME segments. It offers other workforce solutions and services including recruitment and assessment; training and development and ManpowerGroup solutions. The Right Management segment offers career management and workforce consulting services. The Company offers various brands including Manpower Experis Right Management and ManpowerGroup Solutions.

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