Should Investors Consider Selling ManpowerGroup Inc (NYSE:MAN) Shares Now That Deutsche Bank Downgraded The Company?


ManpowerGroup Inc (NYSE:MAN) Receives a Downgrade

New York-listed ManpowerGroup Inc (NYSE:MAN), was lowered by expert analysts at Deutsche Bank. They lowered their rating on the $6.47B market cap company to a Hold from their past Buy rating, but decided to keep their price target of $83.00 on MAN.

From a total of 12 analysts covering ManpowerGroup Inc (NYSE:MAN) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 79% of the ratings are positive. The highest target price is $112 while the lowest target price is $92. The mean of all analyst targets is $100 with a 20.42% above today’s ($83.32) stock price. ManpowerGroup Inc was the topic of 11 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on October 23 with “Overweight” rating. RBC Capital Markets maintained MAN stock in a recent report from October 22 with “Sector Perform” rating. Finally, Piper Jaffray maintained the stock with “Overweight” rating in a report issued on an August 11.

Approximately 1.31 million shares of stock traded hands or 106.64% up from the average. ManpowerGroup Inc. (NYSE:MAN) has risen 7.00% since May 6, 2015 and is uptrending. It has outperformed by 7.79% the S&P500.

The overall sentiment of institutions has increased to 0.98 in Q2 2015. Its up 0.17, from 0.81 in 2015Q2. The ratio improved, as 30 institutions have sold all the shares of ManpowerGroup Inc. that they owned while 133 funds have taken shares off the table. 44 funds have purchased shares for the first time while 115 added to their positions. These institutions now hold 63.21 million shares or 9.36% less than the 69.74 million shares they owned in 2015Q2.

The Fund Trinity Street Asset Management Llp currently is holding shares equating to 9.78% of its total portfolio in ManpowerGroup Inc. representing a total of 437,309 shares. Another fund,Glenview Capital Management Llc, is holding a total of 6.04 million shares equating to 2.45% of their holdings. Additionally, Ncm Capital Advisers Inc. has a 8,677 share stake in ManpowerGroup Inc. which represents 2.1% of their total portfolio. The Fund, Skyline Asset Management Lp, based out of Illinois, has also built up a stake in the stock, which represents a total of 1.91% of their total portfolio. Finally Brant Point Investment Management Llc, a fund which is based in the state of New York reported a total holdings of 180,100 shares.

Insider activity is a very important aspect to track on any stock. Going back to April 24, 2015, shareholders of ManpowerGroup Inc. have witnessed 0 insider purchases, and a total of 4 insider sales equating to a net activity of approximately $60.42 million . Payne Ulice Jr sold 1,400 shares worth approximately $132,234. Van Handel Michael J sold 138,337 shares worth approximately $12.65 million. Joerres Jeffrey A sold 124,085 shares worth approximately $11.15 million. Swan Mara E sold 4,309 shares worth approximately $369,596. The company insider Buchband Richard sold 3,318 shares worth $283,917.

ManpowerGroup Inc. is a provider of workforce solutions and services. The company has a market cap of $6.47 billion. The Company’s services include recruitment and assessment; training and development; career management; outsourcing, and workforce consulting. It has 15.86 P/E ratio. Training and development offer a portfolio of training courses and leadership development solutions.

According to Zacks Investment Research, “Manpower Inc. is a leading non-governmental employment services organization. The company’s largest operations, based on revenues, are located in the United States, France and the United Kingdom. The company provides a variety of staffing and workforce management services and solutions, including temporary staffing services, contract services and training and testing of temporary and permanent workers. The company provides employment services to a wide variety of customers.” Get a free copy of the Zacks research report on ManpowerGroup Inc. (MAN).