Schroder Investment Management Group Increases Holdings in ManpowerGroup Inc. $MAN

Schroder Investment Management Group increased its position in ManpowerGroup Inc. (NYSE:MAN) by 1.4% during the third quarter, HoldingsChannel.com reports. The fund owned 1,803,686 shares of the business services provider’s stock after acquiring an additional 25,108 shares during the quarter. Schroder Investment Management Group’s holdings in ManpowerGroup were worth $68,360,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in ManpowerGroup during the 2nd quarter valued at about $793,000. Envestnet Asset Management Inc. lifted its holdings in shares of ManpowerGroup by 43.9% in the second quarter. Envestnet Asset Management Inc. now owns 20,230 shares of the business services provider’s stock valued at $817,000 after purchasing an additional 6,173 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of ManpowerGroup in the second quarter valued at about $440,000. Allianz Asset Management GmbH grew its position in shares of ManpowerGroup by 12.5% in the third quarter. Allianz Asset Management GmbH now owns 552,650 shares of the business services provider’s stock valued at $20,945,000 after purchasing an additional 61,318 shares during the last quarter. Finally, CWM LLC increased its stake in shares of ManpowerGroup by 415.7% during the 3rd quarter. CWM LLC now owns 86,210 shares of the business services provider’s stock worth $3,267,000 after purchasing an additional 69,492 shares in the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MAN shares. BMO Capital Markets upgraded ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Thursday, December 18th. Robert W. Baird set a $50.00 price target on ManpowerGroup in a research report on Friday, January 30th. Barclays reduced their price objective on ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Wall Street Zen upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group set a $35.00 target price on shares of ManpowerGroup in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.25.

ManpowerGroup Price Performance

MAN stock opened at $27.80 on Wednesday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -92.67 and a beta of 0.91. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. ManpowerGroup Inc. has a 52-week low of $25.15 and a 52-week high of $61.58. The stock’s fifty day simple moving average is $30.37 and its 200-day simple moving average is $32.49.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same period in the prior year, the firm posted $1.02 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current year.

About ManpowerGroup

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.