Impact Partnership Wealth LLC Purchases 969 Shares of ManpowerGroup Inc. (NYSE:MAN)

Impact Partnership Wealth LLC grew its position in ManpowerGroup Inc. (NYSE:MAN) by 40.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,364 shares of the business services provider’s stock after acquiring an additional 969 shares during the period. Impact Partnership Wealth LLC’s holdings in ManpowerGroup were worth $235,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in ManpowerGroup by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock worth $549,314,000 after purchasing an additional 17,691 shares during the last quarter. Dimensional Fund Advisors LP raised its position in ManpowerGroup by 10.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,066,520 shares of the business services provider’s stock worth $164,227,000 after purchasing an additional 193,444 shares during the last quarter. Schroder Investment Management Group raised its position in ManpowerGroup by 10.7% during the 4th quarter. Schroder Investment Management Group now owns 1,425,180 shares of the business services provider’s stock worth $113,259,000 after purchasing an additional 137,441 shares during the last quarter. Wellington Management Group LLP raised its position in ManpowerGroup by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 1,096,658 shares of the business services provider’s stock worth $87,151,000 after purchasing an additional 17,481 shares during the last quarter. Finally, Capital Research Global Investors raised its position in ManpowerGroup by 2.2% during the 1st quarter. Capital Research Global Investors now owns 927,364 shares of the business services provider’s stock worth $72,001,000 after purchasing an additional 19,819 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $71.63 on Friday. ManpowerGroup Inc. has a fifty-two week low of $66.03 and a fifty-two week high of $80.25. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 73.85, a PEG ratio of 1.89 and a beta of 1.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50-day simple moving average is $71.63 and its 200 day simple moving average is $73.13.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share for the quarter, beating 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 business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the firm earned $1.58 EPS. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, research analysts anticipate that ManpowerGroup Inc. will post 4.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on MAN. BNP Paribas raised ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 target price for the company in a research report on Tuesday, June 11th. BMO Capital Markets increased their price target on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. decreased their price target on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $82.40.

ManpowerGroup Company Profile

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.