UBS Group AG Cuts Position in ManpowerGroup Inc. (MAN)

UBS Group AG reduced its stake in ManpowerGroup Inc. (NYSE:MAN) by 26.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,247 shares of the business services provider’s stock after selling 23,076 shares during the quarter. UBS Group AG owned 0.10% of ManpowerGroup worth $7,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in ManpowerGroup by 4.9% in the 1st quarter. Russell Investments Group Ltd. now owns 760,171 shares of the business services provider’s stock valued at $87,432,000 after acquiring an additional 35,448 shares in the last quarter. Northern Trust Corp lifted its position in ManpowerGroup by 0.5% in the 1st quarter. Northern Trust Corp now owns 736,024 shares of the business services provider’s stock valued at $84,718,000 after acquiring an additional 3,684 shares in the last quarter. Wedge Capital Management L L P NC lifted its position 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 acquiring an additional 188,723 shares in the last quarter. Glenmede Trust Co. NA lifted its position in ManpowerGroup by 1.9% in the 4th quarter. Glenmede Trust Co. NA now owns 408,877 shares of the business services provider’s stock valued at $51,562,000 after acquiring an additional 7,462 shares in the last quarter. Finally, KBC Group NV lifted its position in ManpowerGroup by 15.4% in the 1st quarter. KBC Group NV now owns 340,954 shares of the business services provider’s stock valued at $39,244,000 after acquiring an additional 45,449 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 9th. ValuEngine cut shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. BMO Capital Markets cut their price objective on shares of ManpowerGroup from $136.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, April 20th. SunTrust Banks reaffirmed a “hold” rating on shares of ManpowerGroup in a research report on Friday, April 20th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $116.00 price target on shares of ManpowerGroup in a research note on Monday, April 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $119.91.

Shares of MAN stock opened at $86.06 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.17. ManpowerGroup Inc. has a 1 year low of $84.47 and a 1 year high of $136.93. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 11.18 and a beta of 1.34.

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, beating the 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 firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the business earned $1.09 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. research analysts expect that ManpowerGroup Inc. will post 9.22 EPS for the current year.

The company also recently disclosed a semiannual dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 1st were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Thursday, May 31st. This is a positive change from ManpowerGroup’s previous semiannual dividend of $0.93. This represents a dividend yield of 2.1%. ManpowerGroup’s payout ratio is currently 28.69%.

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)

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