Abich Financial Wealth Management LLC Buys 224 Shares of ManpowerGroup Inc. (NYSE:MAN)

Abich Financial Wealth Management LLC grew its position in ManpowerGroup Inc. (NYSE:MAN) by 62.4% in the first quarter, Holdings Channel reports. The fund owned 583 shares of the business services provider’s stock after acquiring an additional 224 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in ManpowerGroup were worth $45,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MAN. Venturi Wealth Management LLC boosted its holdings in ManpowerGroup by 54.8% in the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 160 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of ManpowerGroup in the 1st quarter valued at $47,000. Advisors Asset Management Inc. acquired a new stake in shares of ManpowerGroup during the first quarter worth $49,000. Hexagon Capital Partners LLC raised its stake in ManpowerGroup by 145.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock worth $86,000 after buying an additional 644 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in ManpowerGroup by 52,475.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,103 shares of the business services provider’s stock valued at $167,000 after buying an additional 2,099 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Down 2.0 %

MAN stock traded down $1.51 during midday trading on Friday, reaching $72.83. 365,225 shares of the company’s stock traded hands, compared to its average volume of 523,055. The company has a quick ratio of 1.17, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average price is $71.96 and its 200-day moving average price is $73.56. ManpowerGroup Inc. has a 52 week low of $66.03 and a 52 week high of $80.57. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 75.08, a P/E/G ratio of 1.91 and a beta of 1.47.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, topping 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 company 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 firm posted $1.58 earnings per share. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that ManpowerGroup Inc. will post 4.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. UBS Group dropped their price target on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. BMO Capital Markets raised their price objective 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 upgraded shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective for the company in a research note 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, the stock currently has an average rating of “Hold” and an average target price of $82.40.

About ManpowerGroup

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.