Northpointe Capital LLC lifted its holdings in shares of ManpowerGroup (NYSE:MAN) by 31.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,699 shares of the business services provider’s stock after purchasing an additional 8,622 shares during the period. Northpointe Capital LLC owned 0.05% of ManpowerGroup worth $4,206,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in ManpowerGroup in the third quarter worth $660,000. APG Asset Management N.V. boosted its stake in ManpowerGroup by 24.5% during the third quarter. APG Asset Management N.V. now owns 957,439 shares of the business services provider’s stock valued at $112,805,000 after buying an additional 188,700 shares during the period. State Treasurer State of Michigan boosted its stake in ManpowerGroup by 794.1% during the third quarter. State Treasurer State of Michigan now owns 247,030 shares of the business services provider’s stock valued at $29,105,000 after buying an additional 219,400 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in ManpowerGroup by 27.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 288,398 shares of the business services provider’s stock valued at $33,980,000 after buying an additional 62,557 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in ManpowerGroup by 0.9% during the third quarter. Mutual of America Capital Management LLC now owns 54,819 shares of the business services provider’s stock valued at $6,459,000 after buying an additional 483 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.
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Several equities research analysts have issued reports on MAN shares. BMO Capital Markets reaffirmed a “buy” rating and set a $124.00 price target on shares of ManpowerGroup in a research note on Friday, September 1st. Credit Suisse Group reiterated a “neutral” rating and issued a $126.00 price objective (up previously from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $107.00 price objective on shares of ManpowerGroup in a report on Friday, October 20th. Zacks Investment Research downgraded ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Royal Bank of Canada downgraded ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $126.71.
In related news, EVP Mara E. Swan sold 6,731 shares of ManpowerGroup stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $123.19, for a total transaction of $829,191.89. Following the transaction, the executive vice president now directly owns 31,416 shares of the company’s stock, valued at $3,870,137.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gina Boswell sold 7,725 shares of ManpowerGroup stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $123.96, for a total transaction of $957,591.00. Following the transaction, the director now directly owns 6,601 shares in the company, valued at $818,259.96. The disclosure for this sale can be found here. Insiders sold a total of 16,849 shares of company stock worth $2,048,051 over the last three months. 0.87% of the stock is currently owned by corporate insiders.
ManpowerGroup (MAN) traded up $1.34 during trading hours on Friday, hitting $124.97. The stock had a trading volume of 461,100 shares, compared to its average volume of 575,204. ManpowerGroup has a 52-week low of $81.14 and a 52-week high of $126.40. The stock has a market cap of $8,192.78, a price-to-earnings ratio of 18.32 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.29 and a quick ratio of 1.29.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.08. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter last year, the firm earned $1.87 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts anticipate that ManpowerGroup will post 6.9 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.93 dividend. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Thursday, November 30th. ManpowerGroup’s dividend payout ratio is 27.68%.
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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