Symmetry Partners LLC Purchases Shares of 4,121 ManpowerGroup Inc. (NYSE:MAN)

Symmetry Partners LLC purchased a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,121 shares of the business services provider’s stock, valued at approximately $347,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in ManpowerGroup by 40.2% during the second quarter. Victory Capital Management Inc. now owns 1,966,971 shares of the business services provider’s stock valued at $190,009,000 after purchasing an additional 563,771 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in ManpowerGroup by 3,391.8% in the second quarter. Nuveen Asset Management LLC now owns 457,213 shares of the business services provider’s stock worth $44,167,000 after acquiring an additional 444,119 shares during the period. LSV Asset Management lifted its stake in ManpowerGroup by 11.8% in the second quarter. LSV Asset Management now owns 2,131,555 shares of the business services provider’s stock worth $205,908,000 after acquiring an additional 224,300 shares during the period. AQR Capital Management LLC lifted its stake in ManpowerGroup by 8.3% in the second quarter. AQR Capital Management LLC now owns 2,645,579 shares of the business services provider’s stock worth $254,108,000 after acquiring an additional 201,806 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in ManpowerGroup by 23.4% in the second quarter. Acadian Asset Management LLC now owns 973,295 shares of the business services provider’s stock worth $94,020,000 after acquiring an additional 184,634 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

Shares of ManpowerGroup stock traded up $0.17 during midday trading on Friday, hitting $94.12. The company had a trading volume of 15,844 shares, compared to its average volume of 584,512. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 8.45 and a beta of 1.61. The company has a quick ratio of 1.46, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $86.82 and a 200 day simple moving average of $89.18. ManpowerGroup Inc. has a 12-month low of $61.57 and a 12-month high of $97.96.

ManpowerGroup declared that its Board of Directors has initiated a share buyback program on Friday, August 2nd that authorizes the company to repurchase 6,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Several research firms have commented on MAN. Argus lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. ValuEngine raised shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 24th. Robert W. Baird set a $101.00 price target on shares of ManpowerGroup and gave the company a “buy” rating in a research report on Friday, October 18th. Bank of America decreased their price target on shares of ManpowerGroup from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, SunTrust Banks decreased their price target on shares of ManpowerGroup from $97.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $94.14.

In related news, Director Handel Michael J. Van sold 9,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $92.09, for a total value of $828,810.00. Following the transaction, the director now owns 8,283 shares in the company, valued at approximately $762,781.47. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mara E. Swan sold 14,871 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $84.48, for a total transaction of $1,256,302.08. Following the completion of the transaction, the executive vice president now owns 7,228 shares in the company, valued at approximately $610,621.44. The disclosure for this sale can be found here. Insiders sold a total of 37,108 shares of company stock valued at $3,274,382 over the last ninety days. 1.49% of the stock is currently owned by insiders.

ManpowerGroup Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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