Hancock Holding Co. lowered its position in ManpowerGroup Inc. (NYSE:MAN) by 1.2% during the first quarter, HoldingsChannel.com reports. The fund owned 125,473 shares of the business services provider’s stock after selling 1,518 shares during the quarter. Hancock Holding Co.’s holdings in ManpowerGroup were worth $14,441,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in shares of ManpowerGroup by 4,014.4% in the 4th quarter. Millennium Management LLC now owns 167,293 shares of the business services provider’s stock worth $21,097,000 after acquiring an additional 163,227 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in ManpowerGroup by 35.9% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,300 shares of the business services provider’s stock valued at $668,000 after buying an additional 1,400 shares during the last quarter. Vident Investment Advisory LLC grew its holdings in ManpowerGroup by 6.5% during the 4th quarter. Vident Investment Advisory LLC now owns 26,024 shares of the business services provider’s stock valued at $3,282,000 after buying an additional 1,584 shares during the last quarter. Alliancebernstein L.P. grew its holdings in ManpowerGroup by 27.4% during the 4th quarter. Alliancebernstein L.P. now owns 68,356 shares of the business services provider’s stock valued at $8,620,000 after buying an additional 14,700 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in ManpowerGroup by 3.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 13,756 shares of the business services provider’s stock valued at $1,735,000 after buying an additional 427 shares during the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.
A number of equities research analysts have commented on the company. ValuEngine cut ManpowerGroup from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Zacks Investment Research cut ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, April 25th. Robert W. Baird reiterated a “buy” rating and set a $116.00 target price on shares of ManpowerGroup in a report on Monday, April 23rd. Nomura reiterated a “buy” rating and set a $134.00 target price on shares of ManpowerGroup in a report on Sunday, April 22nd. Finally, BMO Capital Markets lowered their target price on ManpowerGroup from $136.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, April 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $119.91.
Shares of ManpowerGroup stock opened at $92.01 on Tuesday. ManpowerGroup Inc. has a fifty-two week low of $89.99 and a fifty-two week high of $136.93. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 13.07 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.33 and a current ratio of 1.33.
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 analysts’ consensus estimates of $1.65 by $0.07. ManpowerGroup had a return on equity of 18.67% and a net margin of 2.61%. The company had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. analysts expect that ManpowerGroup Inc. 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. Shareholders of record on Friday, June 1st will be paid a dividend of $1.01 per share. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, May 31st. This is a positive change from ManpowerGroup’s previous semiannual dividend of $0.93. ManpowerGroup’s dividend payout ratio is currently 28.69%.
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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