Bokf Na Sells 536 Shares of ManpowerGroup Inc. (NYSE:MAN)

Bokf Na cut its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,607 shares of the business services provider’s stock after selling 536 shares during the period. Bokf Na’s holdings in ManpowerGroup were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in ManpowerGroup by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 569,472 shares of the business services provider’s stock worth $45,256,000 after acquiring an additional 12,757 shares in the last quarter. Tidal Investments LLC lifted its holdings in ManpowerGroup by 179.7% during the first quarter. Tidal Investments LLC now owns 17,327 shares of the business services provider’s stock worth $1,345,000 after acquiring an additional 11,132 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in ManpowerGroup by 510.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 40,206 shares of the business services provider’s stock worth $3,122,000 after acquiring an additional 33,623 shares in the last quarter. CWM LLC lifted its holdings in ManpowerGroup by 5,109.1% during the second quarter. CWM LLC now owns 7,449 shares of the business services provider’s stock worth $520,000 after acquiring an additional 7,306 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in ManpowerGroup by 140.0% during the first quarter. Quadrature Capital Ltd now owns 20,437 shares of the business services provider’s stock worth $1,587,000 after acquiring an additional 11,921 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. BMO Capital Markets lifted their price target on ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Finally, BNP Paribas raised ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 target price on the stock in a research report on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, ManpowerGroup has a consensus rating of “Hold” and a consensus price target of $82.40.

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $71.46 on Monday. The business’s 50 day moving average price is $71.71 and its two-hundred day moving average price is $73.07. The company has a market cap of $3.39 billion, a PE ratio of 73.67, a price-to-earnings-growth ratio of 1.78 and a beta of 1.45. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. ManpowerGroup Inc. has a twelve month low of $66.03 and a twelve month high of $80.25.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, analysts predict that ManpowerGroup Inc. will post 4.87 EPS for the current year.

ManpowerGroup 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.