ManpowerGroup (MAN) : Tradewinds Global Investors reduced its stake in ManpowerGroup by 4.51% during the most recent quarter end. The investment management company now holds a total of 329,120 shares of ManpowerGroup which is valued at $22,890,296 after selling 15,557 shares in ManpowerGroup , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.ManpowerGroup makes up approximately 1.39% of Tradewinds Global Investors’s portfolio.
Other Hedge Funds, Including , Credit Agricole S A reduced its stake in MAN by selling 2,508 shares or 4.64% in the most recent quarter. The Hedge Fund company now holds 51,541 shares of MAN which is valued at $3,584,677. ManpowerGroup makes up approx 0.01% of Credit Agricole S A’s portfolio.Acrospire Investment Management boosted its stake in MAN in the latest quarter, The investment management firm added 999 additional shares and now holds a total of 1,799 shares of ManpowerGroup which is valued at $124,005. ManpowerGroup makes up approx 0.09% of Acrospire Investment Management’s portfolio.Sg Americas Securities reduced its stake in MAN by selling 7,812 shares or 14.29% in the most recent quarter. The Hedge Fund company now holds 46,853 shares of MAN which is valued at $3,181,787. ManpowerGroup makes up approx 0.02% of Sg Americas Securities’s portfolio.Rdl Financial Inc reduced its stake in MAN by selling 5,325 shares or 28.32% in the most recent quarter. The Hedge Fund company now holds 13,480 shares of MAN which is valued at $915,427. ManpowerGroup makes up approx 0.66% of Rdl Financial Inc’s portfolio.
ManpowerGroup opened for trading at $69.69 and hit $70.4991 on the upside on Friday, eventually ending the session at $70.32, with a gain of 0.33% or 0.23 points. The heightened volatility saw the trading volume jump to 5,74,946 shares. Company has a market cap of $4,819 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.