ManpowerGroup Inc. (NYSE:MAN) has earned an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $129.33.
MAN has been the topic of a number of analyst reports. Zacks Investment Research cut ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Royal Bank of Canada lowered ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. BMO Capital Markets raised their price objective on ManpowerGroup from $124.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, October 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $107.00 price objective on shares of ManpowerGroup in a report on Friday, October 20th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $126.00 price objective (up previously from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd.
In related news, Director Gina Boswell sold 7,725 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $123.96, for a total transaction of $957,591.00. Following the transaction, the director now owns 6,601 shares of the company’s stock, valued at $818,259.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cari M. Dominguez sold 500 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total value of $63,145.00. Following the transaction, the director now directly owns 16,990 shares in the company, valued at approximately $2,145,667.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,015 shares of company stock worth $3,762,970. Corporate insiders own 0.87% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC grew its holdings in shares of ManpowerGroup by 27.6% during the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock worth $103,000 after buying an additional 200 shares during the last quarter. Harfst & Associates Inc. purchased a new position in shares of ManpowerGroup during the second quarter worth about $149,000. Calamos Advisors LLC purchased a new position in shares of ManpowerGroup during the third quarter worth about $203,000. Bank of Hawaii purchased a new position in shares of ManpowerGroup during the third quarter worth about $207,000. Finally, Aviance Capital Management LLC purchased a new position in shares of ManpowerGroup during the second quarter worth about $200,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ManpowerGroup (NYSE:MAN) opened at $130.31 on Tuesday. ManpowerGroup has a 52 week low of $88.99 and a 52 week high of $131.99. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $8,630.00, a price-to-earnings ratio of 19.42 and a beta of 1.45.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.08. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same period last year, the firm earned $1.87 earnings per share. ManpowerGroup’s quarterly revenue was up 7.4% on a year-over-year basis. equities research analysts predict that ManpowerGroup will post 6.9 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.93 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.72 annualized dividend and a dividend yield of 2.85%. ManpowerGroup’s dividend payout ratio (DPR) is presently 27.72%.
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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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