ManpowerGroup (NYSE:MAN) Director Patricia Hemingway Hall sold 3,000 shares of ManpowerGroup stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $127.54, for a total transaction of $382,620.00. Following the completion of the sale, the director now owns 4,021 shares in the company, valued at approximately $512,838.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
ManpowerGroup (NYSE:MAN) opened at $125.12 on Thursday. ManpowerGroup has a 1-year low of $87.83 and a 1-year high of $131.99. The stock has a market cap of $8,284.23, a price-to-earnings ratio of 18.52 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 (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 the consensus estimate of $1.96 by $0.08. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 earnings per share. sell-side analysts expect that ManpowerGroup will post 6.9 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.72 annualized dividend and a yield of 2.97%. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. ManpowerGroup’s dividend payout ratio is presently 27.68%.
A number of hedge funds have recently bought and sold shares of MAN. Rothschild Asset Management Inc. lifted its holdings in ManpowerGroup by 6.2% in the second quarter. Rothschild Asset Management Inc. now owns 96,309 shares of the business services provider’s stock worth $10,753,000 after purchasing an additional 5,620 shares during the period. State of New Jersey Common Pension Fund D raised its position in ManpowerGroup by 9.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 51,100 shares of the business services provider’s stock worth $5,705,000 after acquiring an additional 4,500 shares in the last quarter. Sei Investments Co. raised its position in ManpowerGroup by 0.3% in the second quarter. Sei Investments Co. now owns 55,010 shares of the business services provider’s stock worth $6,141,000 after acquiring an additional 182 shares in the last quarter. IFP Advisors Inc raised its position in ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after acquiring an additional 116 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in ManpowerGroup by 2.4% in the second quarter. Retirement Systems of Alabama now owns 168,906 shares of the business services provider’s stock worth $18,858,000 after acquiring an additional 3,879 shares in the last quarter. 94.66% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on MAN shares. ValuEngine downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Friday, October 27th. Argus increased their price target on shares of ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Nomura raised their target price on shares of ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $126.00 target price (up from $111.00) on shares of ManpowerGroup in a research report on Monday, October 23rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. ManpowerGroup has an average rating of “Hold” and an average target price of $126.71.
ManpowerGroup Company Profile
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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