Principal Financial Group Inc. Has $8.42 Million Holdings in ManpowerGroup Inc. $MAN

Principal Financial Group Inc. increased its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 111.6% during the third quarter, Holdings Channel.com reports. The fund owned 222,059 shares of the business services provider’s stock after purchasing an additional 117,128 shares during the quarter. Principal Financial Group Inc.’s holdings in ManpowerGroup were worth $8,416,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MAN. Allworth Financial LP increased its holdings in shares of ManpowerGroup by 321.7% during the second quarter. Allworth Financial LP now owns 662 shares of the business services provider’s stock worth $27,000 after purchasing an additional 505 shares during the period. GAMMA Investing LLC grew its position in ManpowerGroup by 103.3% during the third quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock worth $30,000 after buying an additional 406 shares in the last quarter. True Wealth Design LLC raised its holdings in ManpowerGroup by 72.5% in the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 337 shares in the last quarter. UMB Bank n.a. lifted its position in shares of ManpowerGroup by 122.2% during the 3rd quarter. UMB Bank n.a. now owns 991 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 545 shares during the period. Finally, Huntington National Bank grew its holdings in shares of ManpowerGroup by 41.6% during the 2nd quarter. Huntington National Bank now owns 997 shares of the business services provider’s stock worth $40,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

NYSE MAN opened at $28.63 on Friday. The firm’s fifty day moving average price is $30.83 and its two-hundred day moving average price is $34.14. The stock has a market cap of $1.33 billion, a PE ratio of -95.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.11. ManpowerGroup Inc. has a fifty-two week low of $26.14 and a fifty-two week high of $63.35.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter last year, the business posted $1.02 EPS. ManpowerGroup’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MAN shares. BMO Capital Markets raised ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research note on Thursday, December 18th. UBS Group set a $35.00 price target on shares of ManpowerGroup in a report on Friday, January 30th. Argus raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, February 3rd. Robert W. Baird set a $50.00 target price on ManpowerGroup in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. decreased their price target on ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, ManpowerGroup has an average rating of “Hold” and an average price target of $41.13.

ManpowerGroup Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.