BNP Paribas Arbitrage SA cut its holdings in ManpowerGroup (NYSE:MAN) by 19.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,579 shares of the business services provider’s stock after selling 22,014 shares during the period. BNP Paribas Arbitrage SA owned about 0.13% of ManpowerGroup worth $10,436,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in ManpowerGroup by 27.6% in the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock valued at $103,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc raised its stake in ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after buying an additional 116 shares in the last quarter. First Quadrant L P CA acquired a new stake in ManpowerGroup in the second quarter valued at $123,000. Harfst & Associates Inc. acquired a new stake in ManpowerGroup in the second quarter valued at $149,000. Finally, Exane Derivatives raised its stake in ManpowerGroup by 166.7% in the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock valued at $154,000 after buying an additional 862 shares in the last quarter. Institutional investors own 95.25% of the company’s stock.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Friday, October 27th. Argus raised their price target on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Nomura raised their price target on ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Credit Suisse Group restated a “neutral” rating and issued a $126.00 price target (up from $111.00) on shares of ManpowerGroup in a research note on Monday, October 23rd. Finally, SunTrust Banks, Inc. restated a “hold” rating and issued a $107.00 price target on shares of ManpowerGroup in a research note on Friday, October 20th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. ManpowerGroup currently has a consensus rating of “Hold” and an average target price of $126.71.
ManpowerGroup (MAN) traded down $0.02 on Wednesday, hitting $125.98. The stock had a trading volume of 344,600 shares, compared to its average volume of 572,737. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.29 and a quick ratio of 1.29. ManpowerGroup has a twelve month low of $83.13 and a twelve month high of $127.04. The firm has a market capitalization of $8,349.84, a PE ratio of 18.67 and a beta of 1.44.
ManpowerGroup (NYSE:MAN) last posted its earnings results on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, topping the Zacks’ 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 quarter in the previous year, the firm earned $1.87 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. equities research analysts forecast that ManpowerGroup will post 6.9 earnings per share for the current fiscal year.
The company 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 of this dividend is Thursday, November 30th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.95%. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86. ManpowerGroup’s payout ratio is 27.68%.
In other news, SVP Richard Buchband sold 2,059 shares of ManpowerGroup stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $126.48, for a total transaction of $260,422.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $957,591.00. Following the sale, the director now owns 6,601 shares in the company, valued at approximately $818,259.96. The disclosure for this sale can be found here. Insiders have sold 16,515 shares of company stock worth $2,047,205 in the last quarter. 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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