Cabot Wealth Management Inc. Increases Stake in ManpowerGroup (MAN)

Cabot Wealth Management Inc. lifted its holdings in ManpowerGroup (NYSE:MAN) by 94.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,595 shares of the business services provider’s stock after purchasing an additional 27,560 shares during the quarter. ManpowerGroup accounts for approximately 1.5% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Cabot Wealth Management Inc. owned 0.09% of ManpowerGroup worth $6,668,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MAN. FMR LLC bought a new stake in shares of ManpowerGroup in the first quarter worth $7,065,000. Capstone Asset Management Co. increased its holdings in ManpowerGroup by 3.7% during the second quarter. Capstone Asset Management Co. now owns 8,389 shares of the business services provider’s stock worth $937,000 after buying an additional 300 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in ManpowerGroup by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 17,669 shares of the business services provider’s stock worth $1,973,000 after buying an additional 46 shares during the last quarter. NN Investment Partners Holdings N.V. increased its holdings in ManpowerGroup by 28.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 50,611 shares of the business services provider’s stock worth $5,650,000 after buying an additional 11,177 shares during the last quarter. Finally, Creative Planning increased its holdings in ManpowerGroup by 1.8% during the second quarter. Creative Planning now owns 6,070 shares of the business services provider’s stock worth $678,000 after buying an additional 106 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of ManpowerGroup (MAN) traded up $1.34 on Friday, hitting $124.97. The company had a trading volume of 461,100 shares, compared to its average volume of 518,378. ManpowerGroup has a 12 month low of $81.14 and a 12 month high of $126.40. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. The company has a market cap of $8,281.64, a PE ratio of 18.51 and a beta of 1.44.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.08. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same period last year, the business earned $1.87 EPS. The business’s revenue was up 7.4% on a year-over-year basis. analysts anticipate that ManpowerGroup will post 6.9 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.93 per share. The ex-dividend date is Thursday, November 30th. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 annualized dividend and a dividend yield of 2.98%. ManpowerGroup’s dividend payout ratio (DPR) is currently 27.68%.

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MAN has been the subject of a number of recent research reports. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research report on Wednesday, October 18th. BMO Capital Markets reissued a “buy” rating and issued a $124.00 target price on shares of ManpowerGroup in a research report on Friday, September 1st. BidaskClub cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Credit Suisse Group reissued a “neutral” rating and issued a $126.00 target price (up previously from $111.00) on shares of ManpowerGroup in a research report on Monday, October 23rd. Finally, Nomura boosted their target price on shares of ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $126.71.

In other ManpowerGroup news, Director Gina Boswell sold 7,725 shares of ManpowerGroup stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $123.96, for a total transaction of $957,591.00. Following the completion of the transaction, the director now owns 6,601 shares of the company’s stock, valued at approximately $818,259.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mara E. Swan sold 2,393 shares of ManpowerGroup stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $109.18, for a total value of $261,267.74. Following the transaction, the executive vice president now directly owns 27,078 shares of the company’s stock, valued at approximately $2,956,376.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,849 shares of company stock valued at $2,048,051. Insiders own 0.87% of the company’s stock.

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.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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