IFM Investors Pty Ltd Invests $244,000 in ManpowerGroup Inc. (MAN) Stock

IFM Investors Pty Ltd acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 2,075 shares of the business services provider’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Synovus Financial Corp boosted its position in shares of ManpowerGroup by 0.3% during the 2nd quarter. Synovus Financial Corp now owns 3,273 shares of the business services provider’s stock valued at $360,000 after acquiring an additional 9 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of 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 valued at $319,000 after acquiring an additional 59 shares during the last quarter. Security National Bank of SO Dak boosted its position in shares of ManpowerGroup by 1.2% during the 2nd quarter. Security National Bank of SO Dak now owns 8,165 shares of the business services provider’s stock valued at $911,000 after acquiring an additional 100 shares during the last quarter. Utah Retirement Systems boosted its position in shares of ManpowerGroup by 0.8% during the 2nd quarter. Utah Retirement Systems now owns 12,318 shares of the business services provider’s stock valued at $1,375,000 after acquiring an additional 100 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of ManpowerGroup by 14.1% during the 2nd quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 116 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

In related news, Director Cari M. Dominguez sold 500 shares of the firm’s stock in a transaction on 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 in the company, valued at $2,145,667.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Patricia Hemingway Hall sold 3,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $127.54, for a total value of $382,620.00. Following the completion of the sale, the director now owns 4,021 shares of the company’s stock, valued at $512,838.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,015 shares of company stock valued at $3,762,970. 0.87% of the stock is owned by corporate insiders.

MAN has been the subject of a number of research reports. Zacks Investment Research downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BMO Capital Markets reiterated a “buy” rating and set a $124.00 target price on shares of ManpowerGroup in a research report on Friday, September 1st. ValuEngine downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Argus increased their target price on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Nomura increased their target price on ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $126.71.

Shares of ManpowerGroup Inc. (NYSE MAN) opened at $126.39 on Tuesday. The stock has a market capitalization of $8,271.64, a price-to-earnings ratio of 18.49 and a beta of 1.44. ManpowerGroup Inc. has a 52-week low of $88.39 and a 52-week high of $131.99. 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 (NYSE:MAN) last issued its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.80% and a net margin of 2.24%. ManpowerGroup’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $1.87 earnings per share. analysts anticipate that ManpowerGroup Inc. will post 6.9 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.93 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 dividend on an annualized basis and a yield of 2.94%. ManpowerGroup’s dividend payout ratio (DPR) is currently 27.68%.

TRADEMARK VIOLATION NOTICE: “IFM Investors Pty Ltd Invests $244,000 in ManpowerGroup Inc. (MAN) Stock” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://sportsperspectives.com/2017/12/19/ifm-investors-pty-ltd-invests-244000-in-manpowergroup-inc-man-stock.html.

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.

Want to see what other hedge funds are holding MAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ManpowerGroup Inc. (NYSE:MAN).

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply