ManpowerGroup (MAN) Director Sells $226,674.00 in Stock
ManpowerGroup (NYSE:MAN) Director Ulice Payne, Jr. sold 2,100 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $107.94, for a total transaction of $226,674.00. Following the completion of the transaction, the director now directly owns 11,136 shares in the company, valued at $1,202,019.84. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of ManpowerGroup (NYSE:MAN) traded down 0.33% during mid-day trading on Monday, hitting $107.92. 455,183 shares of the stock were exchanged. ManpowerGroup has a one year low of $66.53 and a one year high of $119.59. The stock has a market cap of $7.27 billion, a PE ratio of 16.51 and a beta of 1.39. The company has a 50-day moving average of $110.85 and a 200 day moving average of $102.71.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by $0.01. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. On average, equities analysts predict that ManpowerGroup will post $6.76 earnings per share for the current year.
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A number of brokerages recently weighed in on MAN. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $111.00 price target (up from $104.00) on shares of ManpowerGroup in a research note on Friday, July 14th. BMO Capital Markets raised their price target on shares of ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research note on Friday, April 21st. BidaskClub lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $111.00 target price (up from $106.00) on shares of ManpowerGroup in a research note on Tuesday, July 25th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $102.71.
Several institutional investors have recently made changes to their positions in MAN. World Asset Management Inc increased its position in shares of ManpowerGroup by 0.7% in the first quarter. World Asset Management Inc now owns 5,309 shares of the business services provider’s stock valued at $545,000 after buying an additional 37 shares during the last quarter. FormulaFolio Investments LLC increased its position in ManpowerGroup by 0.7% in the first quarter. FormulaFolio Investments LLC now owns 5,016 shares of the business services provider’s stock worth $515,000 after buying an additional 37 shares in the last quarter. Gateway Investment Advisers LLC increased its position in ManpowerGroup by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 17,669 shares of the business services provider’s stock worth $1,973,000 after buying an additional 46 shares in the last quarter. Robecosam AG increased its position in ManpowerGroup by 0.7% in the first quarter. Robecosam AG now owns 7,048 shares of the business services provider’s stock worth $726,000 after buying an additional 49 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in ManpowerGroup by 2.1% in the second quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock worth $319,000 after buying an additional 59 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.
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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