2,403 Shares in ManpowerGroup Inc. (NYSE:MAN) Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,403 shares of the business services provider’s stock, valued at approximately $202,000.

Other institutional investors have also modified their holdings of the company. DNB Asset Management AS boosted its holdings in shares of ManpowerGroup by 6.5% during the third quarter. DNB Asset Management AS now owns 35,045 shares of the business services provider’s stock worth $2,952,000 after acquiring an additional 2,150 shares during the period. Exane Derivatives boosted its stake in shares of ManpowerGroup by 10.0% in the third quarter. Exane Derivatives now owns 40,460 shares of the business services provider’s stock valued at $3,408,000 after buying an additional 3,694 shares during the period. Denali Advisors LLC bought a new stake in shares of ManpowerGroup in the third quarter valued at approximately $800,000. State of Alaska Department of Revenue boosted its stake in shares of ManpowerGroup by 59.4% in the third quarter. State of Alaska Department of Revenue now owns 10,639 shares of the business services provider’s stock valued at $896,000 after buying an additional 3,965 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in shares of ManpowerGroup by 35.4% in the second quarter. Macquarie Group Ltd. now owns 71,090 shares of the business services provider’s stock valued at $6,866,000 after buying an additional 18,590 shares during the period. 93.24% of the stock is currently owned by institutional investors and hedge funds.

In other ManpowerGroup news, EVP Mara E. Swan sold 14,871 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were 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 directly owns 7,228 shares in the company, valued at $610,621.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Richard Buchband sold 1,750 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $85.43, for a total transaction of $149,502.50. Following the transaction, the senior vice president now owns 8,214 shares of the company’s stock, valued at $701,722.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,410 shares of company stock valued at $2,012,062. Company insiders own 1.49% of the company’s stock.

Several brokerages recently issued reports on MAN. Credit Suisse Group cut their price target on ManpowerGroup from $82.00 to $78.00 and set an “underperform” rating for the company in a research note on Friday, October 18th. They noted that the move was a valuation call. Robert W. Baird set a $101.00 price target on ManpowerGroup and gave the company a “buy” rating in a research note on Friday, October 18th. SunTrust Banks cut their price target on ManpowerGroup from $97.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. JPMorgan Chase & Co. boosted their price target on ManpowerGroup from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, BMO Capital Markets boosted their price target on ManpowerGroup from $86.00 to $88.00 and gave the company a “market perform” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $94.57.

Shares of MAN opened at $89.62 on Wednesday. ManpowerGroup Inc. has a one year low of $61.57 and a one year high of $97.96. The company has a market cap of $5.19 billion, a P/E ratio of 10.01, a P/E/G ratio of 5.89 and a beta of 1.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.48 and a quick ratio of 1.46. The firm has a 50 day simple moving average of $84.42 and a two-hundred day simple moving average of $88.79.

ManpowerGroup declared that its Board of Directors has approved a stock repurchase plan on Friday, August 2nd that permits the company to buyback 6,000,000 shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

About ManpowerGroup

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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