Amundi Pioneer Asset Management Inc. lowered its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 6.1% during the first quarter, HoldingsChannel reports. The firm owned 43,426 shares of the business services provider’s stock after selling 2,837 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in ManpowerGroup were worth $4,999,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC increased its holdings in shares of 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 acquiring an additional 188,723 shares during the period. Millennium Management LLC increased 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 valued at $21,097,000 after acquiring an additional 163,227 shares during the period. Crescent Grove Advisors LLC increased its holdings in shares of ManpowerGroup by 216.9% in the 1st quarter. Crescent Grove Advisors LLC now owns 193,790 shares of the business services provider’s stock valued at $22,305,000 after acquiring an additional 132,634 shares during the period. Carillon Tower Advisers Inc. acquired a new position in ManpowerGroup in the 1st quarter valued at $14,859,000. Finally, Allianz Asset Management GmbH increased its stake in ManpowerGroup by 61.9% in the 4th quarter. Allianz Asset Management GmbH now owns 281,171 shares of the business services provider’s stock valued at $35,459,000 after buying an additional 107,523 shares during the period. 92.85% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 9th. ValuEngine cut shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $136.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, April 20th. SunTrust Banks reissued a “hold” rating on shares of ManpowerGroup in a research note on Friday, April 20th. Finally, Robert W. Baird reissued a “buy” rating and issued a $116.00 price objective on shares of ManpowerGroup in a research note on Monday, April 23rd. 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 company. ManpowerGroup has a consensus rating of “Hold” and an average price target of $119.91.
Shares of ManpowerGroup opened at $86.06 on Friday, according to MarketBeat.com. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 12.22 and a beta of 1.35. ManpowerGroup Inc. has a one year low of $84.47 and a one year high of $136.93. 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 earnings results on Friday, April 20th. The business services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.65 by $0.07. The company had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.42 billion. ManpowerGroup had a net margin of 2.61% and a return on equity of 18.67%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. analysts forecast that ManpowerGroup Inc. will post 9.22 EPS for the current year.
The business also recently announced a semiannual dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were given a dividend of $1.01 per share. This is a positive change from ManpowerGroup’s previous semiannual dividend of $0.93. This represents a dividend yield of 2.1%. The ex-dividend date was Thursday, May 31st. ManpowerGroup’s payout ratio is presently 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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