Hancock Whitney Corp Sells 143 Shares of ManpowerGroup Inc. (NYSE:MAN)

Hancock Whitney Corp reduced its stake in ManpowerGroup Inc. (NYSE:MAN) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,523 shares of the business services provider’s stock after selling 143 shares during the period. Hancock Whitney Corp’s holdings in ManpowerGroup were worth $455,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Intech Investment Management LLC acquired a new position in ManpowerGroup in the 2nd quarter valued at about $824,000. XTX Topco Ltd boosted its holdings in shares of ManpowerGroup by 24.5% during the second quarter. XTX Topco Ltd now owns 6,696 shares of the business services provider’s stock worth $467,000 after acquiring an additional 1,316 shares during the period. Seven Eight Capital LP grew its position in shares of ManpowerGroup by 98.1% in the second quarter. Seven Eight Capital LP now owns 22,870 shares of the business services provider’s stock valued at $1,596,000 after purchasing an additional 11,328 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of ManpowerGroup by 103.6% during the second quarter. Hsbc Holdings PLC now owns 37,747 shares of the business services provider’s stock worth $2,630,000 after purchasing an additional 19,207 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in ManpowerGroup during the 2nd quarter worth approximately $130,000. 98.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MAN. JPMorgan Chase & Co. decreased their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. BMO Capital Markets raised their price target on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Finally, BNP Paribas raised shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective for the company in a report on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, ManpowerGroup currently has a consensus rating of “Hold” and an average target price of $82.40.

ManpowerGroup Price Performance

MAN stock opened at $73.82 on Tuesday. The company’s 50-day moving average price is $72.29 and its two-hundred day moving average price is $73.07. The firm has a market cap of $3.52 billion, a P/E ratio of 76.10, a P/E/G 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 12 month low of $66.03 and a 12 month high of $80.25.

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