ManpowerGroup (MAN) : Trinity Street Asset Management Llp reduced its stake in ManpowerGroup by 58.51% during the most recent quarter end. The investment management company now holds a total of 205,399 shares of ManpowerGroup which is valued at $14,209,503 after selling 289,708 shares in ManpowerGroup , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.ManpowerGroup makes up approximately 3.07% of Trinity Street Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in MAN by selling 68 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 3,646 shares of MAN which is valued at $252,230. ManpowerGroup makes up approx 0.01% of Shell Asset Management Co’s portfolio.Robeco Institutional Asset Management B.v. reduced its stake in MAN by selling 32,275 shares or 42.0% in the most recent quarter. The Hedge Fund company now holds 44,570 shares of MAN which is valued at $3,137,728. ManpowerGroup makes up approx 0.02% of Robeco Institutional Asset Management B.v.’s portfolio. Old Mutual Global Investors (uk) Ltd. added MAN to its portfolio by purchasing 148,919 company shares during the most recent quarter which is valued at $10,483,898. ManpowerGroup makes up approx 0.19% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Independent Portfolio Consultants reduced its stake in MAN by selling 410 shares or 33.36% in the most recent quarter. The Hedge Fund company now holds 819 shares of MAN which is valued at $55,913. ManpowerGroup makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.First Manhattan Co boosted its stake in MAN in the latest quarter, The investment management firm added 5,868 additional shares and now holds a total of 65,421 shares of ManpowerGroup which is valued at $4,466,292. ManpowerGroup makes up approx 0.03% of First Manhattan Co’s portfolio.
ManpowerGroup closed down -0.08 points or -0.12% at $69.4 with 11,94,890 shares getting traded on Friday. Post opening the session at $69.63, the shares hit an intraday low of $69 and an intraday high of $70.32 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, ManpowerGroup reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.52. The company had revenue of $5022.10 million for the quarter, compared to analysts expectations of $5060.06 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.
Many Wall Street Analysts have commented on ManpowerGroup. ManpowerGroup was Downgraded by Credit Suisse to ” Neutral” on Jun 27, 2016. ManpowerGroup was Downgraded by Avondale to ” Mkt Perform” on Jun 27, 2016.
ManpowerGroup Inc. is a provider of workforce solutions and services. The Company’s segments are Americas Southern Europe Northern Europe Asia Pacific Middle East (APME) and Right Management. The Americas segment includes operations in the United States and other Americas. The Southern Europe segment includes the operations in France Italy and other Southern Europe. The Northern Europe segment includes operations in the United Kingdom the Nordics Germany and the Netherlands. It provides placement of contingent workers in the Americas Southern Europe Northern Europe and APME segments. It offers other workforce solutions and services including recruitment and assessment; training and development and ManpowerGroup solutions. The Right Management segment offers career management and workforce consulting services. The Company offers various brands including Manpower Experis Right Management and ManpowerGroup Solutions.