B. Riley Financial Inc. bought a new position in shares of ManpowerGroup (NYSE:MAN) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,740 shares of the business services provider’s stock, valued at approximately $441,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAN. State of New Jersey Common Pension Fund D grew its stake in ManpowerGroup by 9.7% during the 2nd 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 purchasing an additional 4,500 shares in the last quarter. Sei Investments Co. grew its stake in ManpowerGroup by 0.3% during the 2nd quarter. Sei Investments Co. now owns 55,010 shares of the business services provider’s stock worth $6,141,000 after purchasing an additional 182 shares in the last quarter. IFP Advisors Inc grew its stake in ManpowerGroup by 14.1% during the 2nd quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after purchasing an additional 116 shares in the last quarter. Advisor Partners LLC acquired a new position in ManpowerGroup during the 2nd quarter worth $204,000. Finally, Global X Management Co. LLC grew its stake in ManpowerGroup by 2.1% during the 2nd quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock worth $319,000 after purchasing an additional 59 shares in the last quarter. 94.66% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the company. ValuEngine cut ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Friday, October 27th. Argus upped their price objective on ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Nomura upped their price objective on ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $126.00 price objective (up from $111.00) on shares of ManpowerGroup in a research report on Monday, October 23rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $126.71.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.87 EPS. research analysts forecast that ManpowerGroup will post 6.9 EPS for the current fiscal 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 given a dividend of $0.93 per share. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, November 30th. ManpowerGroup’s dividend payout ratio is currently 27.68%.
In related news, Director Cari M. Dominguez sold 500 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total value of $63,145.00. Following the completion of the sale, the director now directly owns 16,990 shares of the company’s stock, valued at approximately $2,145,667.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Richard Buchband sold 2,059 shares of the company’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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,015 shares of company stock valued at $3,762,970. 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.
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