ManpowerGroup (MAN) : Tradewinds Global Investors reduced its stake in ManpowerGroup by 92.88% during the most recent quarter end. The investment management company now holds a total of 23,438 shares of ManpowerGroup which is valued at $1,976,995 after selling 305,682 shares in ManpowerGroup , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.ManpowerGroup makes up approximately 2.39% of Tradewinds Global Investors’s portfolio.
Other Hedge Funds, Including , Jacobs Levy Equity Management Inc boosted its stake in MAN in the latest quarter, The investment management firm added 141,270 additional shares and now holds a total of 265,420 shares of ManpowerGroup which is valued at $22,388,177. ManpowerGroup makes up approx 0.39% of Jacobs Levy Equity Management Inc’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in MAN by selling 11,072 shares or 34.99% in the most recent quarter. The Hedge Fund company now holds 20,569 shares of MAN which is valued at $1,646,548. ManpowerGroup makes up approx 0.02% of Nn Investment Partners Holdings N.v.’s portfolio. Evanston Investments Dba Evanston Advisors added MAN to its portfolio by purchasing 91,238 company shares during the most recent quarter which is valued at $7,229,699. ManpowerGroup makes up approx 2.29% of Evanston Investments Dba Evanston Advisors’s portfolio. Delphi Private Advisors sold out all of its stake in MAN during the most recent quarter. The investment firm sold 15 shares of MAN which is valued $1,150. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in MAN during the most recent quarter. The investment firm sold 148,919 shares of MAN which is valued $11,436,979.
ManpowerGroup closed down -0.99 points or -1.15% at $85.43 with 7,04,513 shares getting traded on Monday. Post opening the session at $86.23, the shares hit an intraday low of $85.21 and an intraday high of $86.46 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, ManpowerGroup reported $1.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Oct 21, 2016. Analyst had a consensus of $1.72. The company had revenue of $5088.20 million for the quarter, compared to analysts expectations of $4990.07 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 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.