Russell Investments Group Ltd. Buys 119,378 Shares of ManpowerGroup (MAN)
Russell Investments Group Ltd. lifted its stake in ManpowerGroup (NYSE:MAN) by 26.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 567,167 shares of the business services provider’s stock after purchasing an additional 119,378 shares during the period. Russell Investments Group Ltd. owned about 0.86% of ManpowerGroup worth $66,823,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in MAN. FMR LLC purchased a new position in ManpowerGroup in the first quarter valued at $7,065,000. Capstone Asset Management Co. boosted its holdings in ManpowerGroup by 3.7% in the second quarter. Capstone Asset Management Co. now owns 8,389 shares of the business services provider’s stock valued at $937,000 after purchasing an additional 300 shares during the period. Creative Planning boosted its holdings in ManpowerGroup by 1.8% in the second quarter. Creative Planning now owns 6,070 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 106 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in ManpowerGroup by 525.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 11,118 shares of the business services provider’s stock valued at $1,241,000 after purchasing an additional 9,340 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in ManpowerGroup by 3.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 33,427 shares of the business services provider’s stock valued at $3,732,000 after purchasing an additional 1,038 shares during the period. Hedge funds and other institutional investors own 95.25% of the company’s stock.
Shares of ManpowerGroup (NYSE MAN) traded down $0.70 during midday trading on Friday, reaching $126.18. The company’s stock had a trading volume of 274,819 shares, compared to its average volume of 571,284. The stock has a market cap of $8,380.00, a P/E ratio of 18.66 and a beta of 1.43. 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 12 month low of $84.89 and a 12 month high of $127.31.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.87 EPS. equities analysts anticipate that ManpowerGroup will post 6.9 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.95%. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, November 30th. ManpowerGroup’s payout ratio is 27.72%.
In other news, Director Cari M. Dominguez sold 500 shares of ManpowerGroup stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total transaction of $63,145.00. Following the sale, the director now owns 16,990 shares in the company, valued at $2,145,667.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $260,422.32. The disclosure for this sale can be found here. Insiders have sold a total of 17,015 shares of company stock valued at $2,110,350 over the last ninety days. 0.87% of the stock is owned by company insiders.
A number of research analysts recently issued reports on the company. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, August 11th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $107.00 target price on shares of ManpowerGroup in a report on Friday, October 20th. Zacks Investment Research lowered ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Credit Suisse Group reiterated a “neutral” rating and issued a $111.00 target price (up from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada lowered ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $126.71.
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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