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ManpowerGroup (MAN) Stake Cut by Teacher Retirement System of Texas

ManpowerGroup (MAN) Stake Cut by Teacher Retirement System of Texas

Dimensional Fund Advisors LP now owns 1,617,999 shares of the business services provider's stock valued at $180,643,000 after buying an additional 69,089 shares during the period. The stock of ManpowerGroup Inc. NY's investment portfolio, making the stock its 26th largest position. Teacher Retirement System of Texas' holdings in ManpowerGroup were worth $23,780,000 at the end of the most recent quarter.

A number of other brokerages have also recently issued reports on MAN.

Affinity Investment Advisors Llc increased its stake in Manpowergroup Inc (MAN) by 81.44% based on its latest 2016Q4 regulatory filing with the SEC. BlackRock Inc. now owns 8,185,672 shares of the business services provider's stock valued at $839,606,000 after buying an additional 7,573,043 shares during the last quarter. Vanguard Group Inc. now owns 6,019,016 shares of the business services provider's stock valued at $617,369,000 after buying an additional 376,556 shares during the last quarter. AQR Capital Management LLC now owns 1,951,173 shares of the business services provider's stock valued at $200,132,000 after buying an additional 339,539 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of ManpowerGroup by 0.3% in the second quarter. FormulaFolio Investments LLC now owns 5,016 shares of the business services provider's stock worth $515,000 after buying an additional 37 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of ManpowerGroup by 7.6% in the first quarter. The fund owned 212,988 shares of the business services provider's stock after selling 17,907 shares during the period. Institutional investors and hedge funds own 93.74% of the company's stock.

ManpowerGroup (MAN) opened at 106.85 on Friday. The company has market cap of $7.20 billion. The lowest target is $65 while the high is $12400. The stock's 50 day moving average is $110.90 and its 200-day moving average is $103.33.

ManpowerGroup (NYSE:MAN) last released its earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.73 by $0.01. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The value of the company's investment in ManpowerGroup increased from $4,160,000 to $10,639,000 a change of 155.7% quarter to quarter. Equities research analysts expect that ManpowerGroup will post $6.75 EPS for the current year.

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Several research firms have commented on MAN. BidaskClub raised ManpowerGroup from a "hold" rating to a "buy" rating in a research report on Friday. Sterne Agee CRT initiated the shares of MAN in report on Tuesday, March 22 with "Buy" rating.

Shares of ManpowerGroup (NYSE:MAN) have earned a consensus recommendation of "Buy" from the nine research firms that are now covering the stock, Marketbeat reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $111.00 price objective (up previously from $104.00) on shares of ManpowerGroup in a research note on Friday, July 14th. Northcoast Research reiterated a "neutral" rating on shares of ManpowerGroup in a report on Monday, July 17th. The company now has a consensus rating of "Buy" and an average price target of $102.71.

In other ManpowerGroup news, SVP Richard Buchband sold 1,250 shares of the company's stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $105.39, for a total transaction of $2,098,525.68. Following the transaction, the director now directly owns 11,136 shares of the company's stock, valued at $1,202,019.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Darryl Green sold 76,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $109.00, for a total value of $136,250.00. Following the sale, the executive vice president now owns 1,659 shares of the company's stock, valued at approximately $174,842.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,715 shares of company stock worth $12,904,283. The Maine-based Portland Global Ltd Liability has invested 0.6% in ManpowerGroup Inc.