SG Americas Securities LLC Sells 12,845 Shares of ManpowerGroup (MAN)

SG Americas Securities LLC lowered its holdings in ManpowerGroup (NYSE:MAN) by 40.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,576 shares of the business services provider’s stock after selling 12,845 shares during the period. SG Americas Securities LLC’s holdings in ManpowerGroup were worth $2,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAN. Acadian Asset Management LLC boosted its holdings in ManpowerGroup by 33.2% in the 4th quarter. Acadian Asset Management LLC now owns 2,296,960 shares of the business services provider’s stock valued at $289,674,000 after purchasing an additional 573,030 shares during the period. Wedge Capital Management L L P NC boosted its holdings in ManpowerGroup by 81.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 420,044 shares of the business services provider’s stock valued at $48,347,000 after purchasing an additional 188,723 shares during the period. Wells Fargo & Company MN boosted its holdings in ManpowerGroup by 46.7% in the 4th quarter. Wells Fargo & Company MN now owns 518,860 shares of the business services provider’s stock valued at $65,433,000 after purchasing an additional 165,146 shares during the period. Millennium Management LLC boosted its holdings in ManpowerGroup by 4,014.4% in the 4th quarter. Millennium Management LLC now owns 167,293 shares of the business services provider’s stock valued at $21,097,000 after purchasing an additional 163,227 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in ManpowerGroup by 15.7% in the 4th quarter. APG Asset Management N.V. now owns 1,107,339 shares of the business services provider’s stock valued at $116,295,000 after purchasing an additional 149,900 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. ValuEngine raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BMO Capital Markets cut their price objective on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a report on Monday, February 5th. Argus boosted their price objective on shares of ManpowerGroup from $120.23 to $138.00 and gave the company a “buy” rating in a report on Thursday, March 8th. Finally, Goldman Sachs initiated coverage on shares of ManpowerGroup in a report on Tuesday, March 27th. They issued a “neutral” rating and a $128.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. ManpowerGroup has an average rating of “Hold” and an average target price of $119.91.

Shares of ManpowerGroup opened at $94.61 on Thursday, MarketBeat.com reports. ManpowerGroup has a 1-year low of $94.96 and a 1-year high of $95.71. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.17. The company has a market cap of $6.27 billion, a PE ratio of 12.36 and a beta of 1.38.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, April 20th. The business services provider reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.07. ManpowerGroup had a net margin of 2.61% and a return on equity of 18.67%. The company had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. research analysts forecast that ManpowerGroup will post 9.22 earnings per share for the current year.

The company also recently declared a semiannual dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a dividend of $1.01 per share. This represents a dividend yield of 2.1%. The ex-dividend date is Thursday, May 31st. This is an increase from ManpowerGroup’s previous semiannual dividend of $0.93. ManpowerGroup’s dividend payout ratio is 26.42%.

In other news, COO Darryl Green sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $117.26, for a total transaction of $1,172,600.00. Following the completion of the sale, the chief operating officer now owns 21,233 shares of the company’s stock, valued at approximately $2,489,781.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Sriram Chandrashekar sold 39,420 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $119.33, for a total transaction of $4,703,988.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,420 shares of company stock valued at $5,995,079. 1.02% of the stock is currently owned by insiders.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply