First Trust Advisors LP cut its holdings in shares of ManpowerGroup (NYSE:MAN) by 22.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 177,785 shares of the business services provider’s stock after selling 50,128 shares during the period. First Trust Advisors LP owned 0.27% of ManpowerGroup worth $20,947,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of MAN. The Manufacturers Life Insurance Company grew its stake in ManpowerGroup by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 99,032 shares of the business services provider’s stock worth $11,057,000 after purchasing an additional 906 shares during the period. Koch Industries Inc. purchased a new stake in ManpowerGroup in the second quarter worth $208,000. Mutual of America Capital Management LLC grew its stake in ManpowerGroup by 0.9% in the third quarter. Mutual of America Capital Management LLC now owns 54,819 shares of the business services provider’s stock worth $6,459,000 after purchasing an additional 483 shares during the period. Teachers Advisors LLC grew its stake in ManpowerGroup by 4.1% in the first quarter. Teachers Advisors LLC now owns 222,883 shares of the business services provider’s stock worth $22,861,000 after purchasing an additional 8,833 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in ManpowerGroup in the second quarter worth $1,374,000. 95.25% of the stock is currently owned by hedge funds and other institutional investors.
MAN has been the topic of several recent research reports. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research note on Wednesday, October 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $134.00 price target on shares of ManpowerGroup in a research note on Friday, October 13th. BidaskClub cut ManpowerGroup from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Nomura boosted their target price on ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, Argus boosted their target price on ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $126.71.
ManpowerGroup (NYSE:MAN) opened at $126.00 on Tuesday. The stock has a market capitalization of $8,281.58, a price-to-earnings ratio of 18.51 and a beta of 1.44. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. ManpowerGroup has a 1-year low of $83.13 and a 1-year high of $127.04.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.08. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. analysts predict that ManpowerGroup will post 6.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.93 per share. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Thursday, November 30th. ManpowerGroup’s dividend payout ratio is presently 27.68%.
In other news, EVP Mara E. Swan sold 2,393 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total transaction of $261,267.74. Following the transaction, the executive vice president now directly owns 27,078 shares of the company’s stock, valued at $2,956,376.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mara E. Swan sold 6,731 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $123.19, for a total value of $829,191.89. Following the transaction, the executive vice president now directly owns 31,416 shares in the company, valued at $3,870,137.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,849 shares of company stock worth $2,048,051. Corporate insiders own 0.87% of the company’s stock.
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ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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