ManpowerGroup (NYSE:MAN) SVP Richard Buchband sold 2,059 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $126.48, for a total value of $260,422.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
ManpowerGroup (NYSE MAN) traded up $1.03 during trading on Tuesday, hitting $126.00. The stock had a trading volume of 263,000 shares, compared to its average volume of 573,779. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $8,281.58, a price-to-earnings ratio of 18.51 and a beta of 1.44. ManpowerGroup has a twelve month low of $83.13 and a twelve month high of $127.04.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.08. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 earnings per share. analysts predict that ManpowerGroup will post 6.9 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.93 dividend. 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 dividend on an annualized basis and a dividend yield of 2.95%. ManpowerGroup’s payout ratio is presently 27.68%.
Several institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of ManpowerGroup by 96.3% in the third quarter. Janus Henderson Group PLC now owns 378,265 shares of the business services provider’s stock worth $44,568,000 after purchasing an additional 185,591 shares during the period. AMP Capital Investors Ltd increased its stake in shares of ManpowerGroup by 1.6% in the third quarter. AMP Capital Investors Ltd now owns 83,755 shares of the business services provider’s stock worth $9,868,000 after purchasing an additional 1,318 shares during the period. Allianz Asset Management GmbH increased its stake in shares of ManpowerGroup by 64.6% in the third quarter. Allianz Asset Management GmbH now owns 173,648 shares of the business services provider’s stock worth $20,459,000 after purchasing an additional 68,132 shares during the period. B. Riley Financial Inc. bought a new position in shares of ManpowerGroup in the third quarter worth about $441,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of ManpowerGroup by 2.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 48,900 shares of the business services provider’s stock worth $5,786,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 95.25% of the company’s stock.
Several research firms have weighed in on MAN. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Friday, October 27th. Argus raised their target price on 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 ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Credit Suisse Group AG restated a “neutral” rating and set a $126.00 target price (up from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $107.00 target price on shares of ManpowerGroup in a report on Friday, October 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus 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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