On September 25, 2023, it was reported that Gateway Investment Advisers LLC had reduced its stake in ManpowerGroup Inc. (NYSE:MAN) by 78.4% during the second quarter of the year. According to the disclosure made to the Securities and Exchange Commission (SEC), the institutional investor now owns 11,170 shares of the business services provider’s stock after selling 40,427 shares during the quarter. At the end of the most recent quarter, Gateway Investment Advisers LLC’s holdings in ManpowerGroup were valued at $887,000.
ManpowerGroup last released its earnings results on July 20th. The company reported earnings per share of $1.58 for the quarter, falling short of analysts’ consensus estimates by ($0.04). Its revenue for the quarter stood at $4.86 billion, slightly surpassing analyst estimates of $4.85 billion. ManpowerGroup’s return on equity was recorded as 15.66%, with a net margin of 1.58%. However, there was a decline in revenue for this quarter compared to the previous year by 4.3%. In the same period last year, the company earned $2.33 earnings per share. Analysts project that ManpowerGroup Inc. will post an EPS of 5.78 for the current fiscal year.
Various research analysts have recently commented on MAN shares. Robert W. Baird lowered their price target from $97 to $95 and assigned an “outperform” rating on Friday, July 21st following ManpowerGroup’s earnings release report earlier that month.
Furthermore, StockNews.com initiated coverage on ManpowerGroup on Thursday, August 17th and provided a “hold” rating for the company in their report.
Analysts from The Goldman Sachs Group increased their price objective for ManpowerGroup from $69 to $79 and gave it a “sell” rating on Friday, July 21st. Redburn Partners also initiated coverage on ManpowerGroup on Tuesday, June 20th and assigned a “buy” rating with a target price of $94 for the company.
Lastly, BMO Capital Markets lowered their target price for ManpowerGroup from $90 to $88 and assigned a “market perform” rating for the company in their report released on Monday, July 24th.
Based on information from Bloomberg.com, it can be noted that there are currently two sell ratings, seven hold ratings, and three buy ratings for ManpowerGroup’s stock. The average rating is “Hold,” with an average target price of $82.50.
These recent events and research analyst reports give insight into ManpowerGroup Inc.’s current status and provide potential investors with valuable information to consider when making investment decisions.
ManpowerGroup Inc.
MAN
Strong Buy
Updated on: 02/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Unusual Investment Activity and Insider Trades Surrounding ManpowerGroup
As perplexing as the world of hedge funds and institutional investors may be, their recent activity surrounding ManpowerGroup has caught the attention of financial analysts. In the first quarter, several notable players made strategic moves in relation to their holdings in the company.
One such investor, Operose Advisors LLC, entered the scene by acquiring a new position in ManpowerGroup’s shares. This acquisition was valued at approximately $41,000 and marked Operose Advisors’ first foray into the business services provider’s stock.
Not to be outdone, Vigilant Capital Management LLC also acquired a new position in ManpowerGroup during the first quarter. Their purchase closely mirrored that of Operose Advisors LLC, also amounting to around $41,000.
Captrust Financial Advisors took a different approach and decided to increase its stake in ManpowerGroup by an impressive 72.6% during the same period. By acquiring an additional 361 shares of the company’s stock, Captrust Financial Advisors now holds 858 shares worth approximately $81,000.
Industrial Alliance Investment Management Inc. made a significant move by lifting its stake in ManpowerGroup by a staggering 671.3% during the fourth quarter. This involved acquiring an additional 1,054 shares, bringing their total investment value to around $101,000.
Rounding out this series of noteworthy investments is Ronald Blue Trust Inc., which increased its stake in ManpowerGroup by 41.2% during the first quarter. By purchasing an additional 364 shares of the company’s stock, Ronald Blue Trust Inc.’s investment is now valued at approximately $104,000.
Intriguingly enough, these institutional investors and hedge funds collectively own a whopping 96.78% of ManpowerGroup’s stock as per available records.
Moving away from investment activities and towards insider trades within ManpowerGroup itself sheds some light on recent buzzworthy occurrences.
Director Ulice Payne, Jr. sold 1,100 shares of the company’s stock on August 24th. With an average price of $77.30 per share, the transaction totaled an impressive $85,030. Following this sale, Payne now possesses 8,620 shares in ManpowerGroup with an estimated value of $666,326.
Senior Vice President Donald O. Mondano also made a move by selling 2,000 shares of the company’s stock on July 25th. With each share priced at around $81.40, Mondano’s total transaction amounted to a hefty sum of $162,800. Following the sale, Mondano remains in possession of 3,440 shares with an approximate value of $280,016.
Further highlighting insider trades within ManpowerGroup is the fact that Director Ulice Payne Jr., once again, divested himself of 1,100 shares on August 24th for a total value of $85,030.
In terms of stock performance and market capitalization numbers as of September 25th, ManpowerGroup opened at $73.36. The company possesses a market capitalization totaling approximately $3.64 billion and has yielded a price-to-earnings ratio of 12.48.
Additional ratios such as the price-to-earnings-growth ratio stand at an elevated figure of 7.25 and a beta factor indicating relatively higher volatility at 1.66.
Considering its debt-to-equity ratio (0.40), current ratio (1.21), and quick ratio (1.21), ManpowerGroup Inc.’s financial health appears relatively stable.
Investors may note that over the past year ManpowerGroup experienced a low share price bottoming out at $64 and reached its peak at $92 during the same period.
For those interested in tracking trends over shorter periods such as fifty days or two hundred days, ManpowerGroup’s stock has respectively recorded a moving average price of $77.78 and $77.25.
As perplexing as the world of high finance may be, keeping abreast of insider trades, investment activities, and key financial ratios can help investors make informed decisions. ManpowerGroup is one such company that continues to captivate attention in this regard.
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