Principal Financial Group Inc. significantly increased its stake in ManpowerGroup Inc. by 111.6% in Q3, purchasing an additional 117,128 shares to own a total of 222,059 shares valued at $8.42 million. ManpowerGroup reported stronger-than-expected quarterly earnings with $0.92 EPS and $4.71 billion in revenue, although it showed a slight negative net margin. Institutional ownership is high at 98.03%, and analysts currently maintain a “Hold” rating with an average price target of $41.13 for the company’s shares.
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Principal Financial Group Inc. Buys 117,128 Shares of ManpowerGroup Inc. $MAN
Principal Financial Group Inc. significantly increased its stake in ManpowerGroup Inc. by 111.6% in Q3, purchasing an additional 117,128 shares to own a total of 222,059 shares valued at $8.42 million. ManpowerGroup reported stronger-than-expected quarterly earnings with $0.92 EPS and $4.71 billion in revenue, although it showed a slight negative net margin. Institutional ownership is high at 98.03%, and analysts currently maintain a “Hold” rating with an average price target of $41.13 for the company’s shares.