ManpowerGroup (MAN) Shares Bought by Chicago Equity Partners LLC
Chicago Equity Partners LLC boosted its position in shares of ManpowerGroup (NYSE:MAN) by 15.9% during the third quarter, Holdings Channel reports. The fund owned 27,695 shares of the company’s stock after buying an additional 3,790 shares during the period. Chicago Equity Partners LLC’s holdings in ManpowerGroup were worth $2,001,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Northpointe Capital LLC bought a new stake in shares of ManpowerGroup during the second quarter worth approximately $1,641,000. Cambiar Investors LLC raised its stake in shares of ManpowerGroup by 5.0% in the second quarter. Cambiar Investors LLC now owns 771,338 shares of the company’s stock worth $49,628,000 after buying an additional 36,584 shares in the last quarter. Lucus Advisors LLC bought a new stake in shares of ManpowerGroup during the second quarter worth approximately $352,000. Artemis Investment Management LLP bought a new stake in shares of ManpowerGroup during the second quarter worth approximately $8,414,000. Finally, Retirement Systems of Alabama raised its stake in shares of ManpowerGroup by 6.0% in the second quarter. Retirement Systems of Alabama now owns 211,643 shares of the company’s stock worth $13,617,000 after buying an additional 12,052 shares in the last quarter. 92.40% of the stock is owned by institutional investors and hedge funds.
ManpowerGroup (NYSE:MAN) traded up 1.66% during trading on Friday, reaching $93.28. The company had a trading volume of 543,780 shares. ManpowerGroup has a 12-month low of $57.26 and a 12-month high of $93.41. The firm’s 50 day moving average price is $89.68 and its 200 day moving average price is $76.12. The firm has a market capitalization of $6.26 billion, a PE ratio of 15.31 and a beta of 1.59.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Friday, October 21st. The company reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.16. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.00%. The business earned $5.10 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts forecast that ManpowerGroup will post $6.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were paid a dividend of $0.86 per share. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.80. The ex-dividend date was Tuesday, November 29th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.75%. ManpowerGroup’s dividend payout ratio (DPR) is currently 28.15%.
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A number of brokerages have commented on MAN. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Friday. BMO Capital Markets reissued an “outperform” rating and set a $88.00 price objective (up from $81.00) on shares of ManpowerGroup in a report on Wednesday, October 26th. Finally, Deutsche Bank AG set a $77.00 price objective on ManpowerGroup and gave the stock a “hold” rating in a report on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $86.42.
In other ManpowerGroup news, COO Darryl Green sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $78.15, for a total transaction of $781,500.00. Following the completion of the transaction, the chief operating officer now owns 47 shares of the company’s stock, valued at $3,673.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mara E. Swan sold 24,575 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $78.98, for a total transaction of $1,940,933.50. Following the transaction, the executive vice president now directly owns 43,932 shares of the company’s stock, valued at approximately $3,469,749.36. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
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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