Alberta Investment Management Corp Increases Stock Position in ManpowerGroup Inc. $MAN

Alberta Investment Management Corp raised its position in ManpowerGroup Inc. (NYSE:MAN) by 772.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,059,100 shares of the business services provider’s stock after buying an additional 937,771 shares during the period. ManpowerGroup accounts for 0.4% of Alberta Investment Management Corp’s investment portfolio, making the stock its 26th biggest holding. Alberta Investment Management Corp owned 2.29% of ManpowerGroup worth $40,140,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd increased its position in ManpowerGroup by 119.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 24,997 shares of the business services provider’s stock worth $1,010,000 after buying an additional 13,597 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ManpowerGroup during the second quarter valued at about $793,000. AXQ Capital LP purchased a new stake in ManpowerGroup in the 2nd quarter worth approximately $440,000. Envestnet Asset Management Inc. raised its position in shares of ManpowerGroup by 43.9% in the second quarter. Envestnet Asset Management Inc. now owns 20,230 shares of the business services provider’s stock worth $817,000 after buying an additional 6,173 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in ManpowerGroup by 48.2% during the second quarter. Schroder Investment Management Group now owns 1,778,578 shares of the business services provider’s stock worth $71,855,000 after buying an additional 578,843 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Up 4.0%

Shares of NYSE MAN opened at $29.49 on Thursday. The stock has a market capitalization of $1.37 billion, a P/E ratio of -98.30 and a beta of 0.88. ManpowerGroup Inc. has a one year low of $26.14 and a one year high of $63.35. The firm’s 50 day simple moving average is $30.88 and its two-hundred day simple moving average is $33.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.00.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on MAN shares. BMO Capital Markets raised ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Thursday, December 18th. UBS Group set a $35.00 target price on shares of ManpowerGroup in a research note on Friday, January 30th. The Goldman Sachs Group lifted their target price on shares of ManpowerGroup from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. Argus raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of ManpowerGroup in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.13.

About ManpowerGroup

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.