Aperio Group LLC lifted its position in ManpowerGroup (NYSE:MAN) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,977 shares of the business services provider’s stock after purchasing an additional 3,045 shares during the quarter. Aperio Group LLC owned about 0.12% of ManpowerGroup worth $9,436,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. APG Asset Management N.V. grew its holdings in shares of ManpowerGroup by 15.7% in the fourth 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. Wells Fargo & Company MN grew its holdings in shares of ManpowerGroup by 46.7% in the fourth 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. Wedge Capital Management L L P NC grew its holdings in shares of ManpowerGroup by 81.6% in the first 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. Glenmede Trust Co. NA boosted its stake in ManpowerGroup by 1.9% during the fourth quarter. Glenmede Trust Co. NA now owns 408,877 shares of the business services provider’s stock worth $51,562,000 after buying an additional 7,462 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in ManpowerGroup by 5.9% during the first quarter. Robeco Institutional Asset Management B.V. now owns 339,876 shares of the business services provider’s stock worth $39,119,000 after buying an additional 18,852 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on MAN shares. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Tuesday, April 24th. Robert W. Baird reaffirmed a “buy” rating and set a $116.00 target price on shares of ManpowerGroup in a research note on Monday, April 23rd. Nomura reaffirmed a “buy” rating and set a $134.00 target price on shares of ManpowerGroup in a research note on Sunday, April 22nd. ValuEngine raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Argus increased their target price on shares of ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, March 8th. Two 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 stock. The company presently has an average rating of “Hold” and a consensus price target of $119.91.
In other news, COO Darryl Green sold 10,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now owns 21,233 shares of the company’s stock, valued at $2,489,781.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard Buchband sold 1,000 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $118.49, for a total transaction of $118,490.00. Following the sale, the senior vice president now directly owns 8,457 shares in the company, valued at approximately $1,002,069.93. The disclosure for this sale can be found here. Insiders have sold 50,420 shares of company stock worth $5,995,079 in the last three months. Corporate insiders own 1.02% of the company’s stock.
Shares of ManpowerGroup opened at $93.57 on Wednesday, MarketBeat.com reports. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 13.29 and a beta of 1.38. ManpowerGroup has a 1-year low of $93.47 and a 1-year high of $136.93. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.17.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, April 20th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.07. The business had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.42 billion. ManpowerGroup had a net margin of 2.61% and a return on equity of 18.67%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. equities research analysts anticipate that ManpowerGroup will post 9.22 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given 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 a boost from ManpowerGroup’s previous semiannual dividend of $0.93. ManpowerGroup’s dividend payout ratio is currently 26.42%.
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.
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