Arvest Bank Trust Division Lowers stake in ManpowerGroup (MAN)

ManpowerGroup (MAN) : Arvest Bank Trust Division reduced its stake in ManpowerGroup by 0.55% during the most recent quarter end. The investment management company now holds a total of 169,809 shares of ManpowerGroup which is valued at $12,409,642 after selling 939 shares in ManpowerGroup , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.ManpowerGroup makes up approximately 1.05% of Arvest Bank Trust Division’s portfolio.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in MAN by selling 29 shares or 20.71% in the most recent quarter. The Hedge Fund company now holds 111 shares of MAN which is valued at $8,112.Independent Portfolio Consultants reduced its stake in MAN by selling 135 shares or 16.48% in the most recent quarter. The Hedge Fund company now holds 684 shares of MAN which is valued at $50,548. ManpowerGroup makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in MAN in the latest quarter, The investment management firm added 62,148 additional shares and now holds a total of 100,037 shares of ManpowerGroup which is valued at $7,392,734. ManpowerGroup makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank reduced its stake in MAN by selling 12 shares or 5.66% in the most recent quarter. The Hedge Fund company now holds 200 shares of MAN which is valued at $14,780.

ManpowerGroup closed down -1.08 points or -1.46% at $73.08 with 4,69,349 shares getting traded on Friday. Post opening the session at $73.96, the shares hit an intraday low of $72.61 and an intraday high of $73.96 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. Macquarie Initiated ManpowerGroup on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $86.Deutsche Bank Initiated ManpowerGroup on Aug 18, 2016 to “Hold”, Price Target of the shares are set at $77.

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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