GSA Capital Partners LLP Has $2.61 Million Stake in ManpowerGroup Inc. $MAN

GSA Capital Partners LLP grew its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 36.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 68,946 shares of the business services provider’s stock after buying an additional 18,515 shares during the period. GSA Capital Partners LLP owned approximately 0.15% of ManpowerGroup worth $2,613,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in MAN. Rothschild Investment LLC raised its stake in shares of ManpowerGroup by 647.1% in the third quarter. Rothschild Investment LLC now owns 2,428 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 2,103 shares in the last quarter. Vanguard Group Inc. boosted its stake in ManpowerGroup by 0.3% during the third quarter. Vanguard Group Inc. now owns 6,211,092 shares of the business services provider’s stock worth $235,400,000 after buying an additional 19,501 shares in the last quarter. Bastion Asset Management Inc. bought a new stake in ManpowerGroup in the 3rd quarter valued at $1,415,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of ManpowerGroup by 16.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 51,021 shares of the business services provider’s stock worth $1,934,000 after acquiring an additional 7,251 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in ManpowerGroup by 49.4% in the third quarter. PNC Financial Services Group Inc. now owns 4,118 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 1,362 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Trading Down 2.0%

MAN opened at $28.63 on Tuesday. ManpowerGroup Inc. has a 1-year low of $26.14 and a 1-year high of $63.35. The stock has a market capitalization of $1.33 billion, a PE ratio of -95.41 and a beta of 0.88. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $30.85 and a two-hundred day moving average price of $33.93.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.63 billion. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. ManpowerGroup’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. As a group, equities analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MAN. Robert W. Baird set a $50.00 target price on ManpowerGroup in a report on Friday, January 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of ManpowerGroup in a research report on Monday, December 29th. BMO Capital Markets upgraded shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Thursday, December 18th. The Goldman Sachs Group upped their target price on shares of ManpowerGroup from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, February 3rd. Finally, UBS Group set a $35.00 price objective on shares of ManpowerGroup in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, ManpowerGroup currently has a consensus rating of “Hold” and a consensus 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.