GSA Capital Partners LLP Acquires 18,515 Shares of ManpowerGroup Inc. $MAN

GSA Capital Partners LLP raised its holdings in ManpowerGroup Inc. (NYSE:MAN) by 36.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,946 shares of the business services provider’s stock after acquiring an additional 18,515 shares during the quarter. GSA Capital Partners LLP’s holdings in ManpowerGroup were worth $2,613,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Allworth Financial LP grew its stake in shares of ManpowerGroup by 321.7% during the second quarter. Allworth Financial LP now owns 662 shares of the business services provider’s stock worth $27,000 after purchasing an additional 505 shares during the period. GAMMA Investing LLC increased its stake in shares of ManpowerGroup by 103.3% in the 3rd quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 406 shares during the last quarter. True Wealth Design LLC raised its position in shares of ManpowerGroup by 72.5% in the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 337 shares during the period. UMB Bank n.a. boosted its stake in ManpowerGroup by 122.2% during the 3rd quarter. UMB Bank n.a. now owns 991 shares of the business services provider’s stock worth $38,000 after acquiring an additional 545 shares during the last quarter. Finally, Huntington National Bank boosted its stake in ManpowerGroup by 41.6% during the 2nd quarter. Huntington National Bank now owns 997 shares of the business services provider’s stock worth $40,000 after acquiring an additional 293 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

MAN has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a research note on Monday, December 29th. Argus raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. decreased their price objective on ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. Robert W. Baird set a $50.00 target price on ManpowerGroup in a research note on Friday, January 30th. Finally, BMO Capital Markets raised shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.13.

ManpowerGroup Stock Down 2.0%

Shares of MAN stock opened at $28.63 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. ManpowerGroup Inc. has a 1 year low of $26.14 and a 1 year high of $63.35. The firm’s fifty day moving average price is $30.85 and its two-hundred day moving average price is $33.93. The firm has a market capitalization of $1.33 billion, a P/E ratio of -95.41 and a beta of 0.88.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.63 billion. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 EPS. On average, equities analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Company Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.