Zurcher Kantonalbank Zurich Cantonalbank Increases Position in ManpowerGroup Inc. (NYSE:MAN)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,513 shares of the business services provider’s stock after buying an additional 767 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ManpowerGroup were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in ManpowerGroup by 345.1% during the third quarter. CWM LLC now owns 365 shares of the business services provider’s stock worth $27,000 after purchasing an additional 283 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of ManpowerGroup by 54.8% in the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after buying an additional 160 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in ManpowerGroup by 19.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 162 shares during the last quarter. Covestor Ltd increased its holdings in ManpowerGroup by 8.0% during the 3rd quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 190 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new position in ManpowerGroup during the fourth quarter worth about $236,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

ManpowerGroup stock opened at $76.16 on Tuesday. The firm has a market capitalization of $3.68 billion, a PE ratio of 78.52, a price-to-earnings-growth ratio of 1.59 and a beta of 1.54. ManpowerGroup Inc. has a one year low of $67.35 and a one year high of $88.91. The stock’s 50 day moving average price is $73.79 and its 200 day moving average price is $74.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.17.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. As a group, sell-side analysts expect that ManpowerGroup Inc. will post 4.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAN. JPMorgan Chase & Co. raised their price objective on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. StockNews.com lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. William Blair initiated coverage on ManpowerGroup in a research note on Monday, January 8th. They set a “market perform” rating for the company. UBS Group cut their price objective on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Finally, BNP Paribas reissued an “underperform” rating and set a $70.00 target price on shares of ManpowerGroup in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $83.00.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.