Trexquant Investment LP Purchases Shares of 6,315 ManpowerGroup (MAN)
Trexquant Investment LP purchased a new stake in ManpowerGroup (NYSE:MAN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,315 shares of the business services provider’s stock, valued at approximately $744,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AJO LP boosted its holdings in shares of ManpowerGroup by 30.9% in the 2nd quarter. AJO LP now owns 1,839,632 shares of the business services provider’s stock worth $205,395,000 after purchasing an additional 434,069 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of ManpowerGroup by 736.2% in the 2nd quarter. American Century Companies Inc. now owns 348,282 shares of the business services provider’s stock valued at $38,886,000 after acquiring an additional 306,630 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of ManpowerGroup by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,286,080 shares of the business services provider’s stock valued at $701,840,000 after acquiring an additional 267,064 shares during the last quarter. State Treasurer State of Michigan lifted its stake in shares of ManpowerGroup by 794.1% in the 3rd quarter. State Treasurer State of Michigan now owns 247,030 shares of the business services provider’s stock valued at $29,105,000 after acquiring an additional 219,400 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of ManpowerGroup in the 2nd quarter valued at about $208,000. Institutional investors own 94.59% of the company’s stock.
In other ManpowerGroup news, Director Cari M. Dominguez sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total transaction of $63,145.00. Following the transaction, the director now owns 16,990 shares in the company, valued at approximately $2,145,667.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Richard Buchband sold 2,059 shares of the company’s stock in a transaction that occurred on 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 in the last ninety days. 0.87% of the stock is currently owned by corporate insiders.
ManpowerGroup (NYSE:MAN) traded down $0.57 on Thursday, reaching $129.81. The company’s stock had a trading volume of 355,100 shares, compared to its average volume of 561,211. The company has a market cap of $8,640.09, a price-to-earnings ratio of 19.32 and a beta of 1.44. 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 fifty-two week low of $84.98 and a fifty-two week high of $131.99.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.08. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. ManpowerGroup’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 EPS. analysts anticipate that ManpowerGroup will post 6.9 earnings per share for the current fiscal 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 given a dividend of $0.93 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, November 30th. This represents a $3.72 dividend on an annualized basis and a yield of 2.87%. ManpowerGroup’s dividend payout ratio is presently 27.68%.
A number of research firms have recently weighed in on MAN. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Friday, October 27th. Argus boosted their target price on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Nomura boosted their target price 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 reaffirmed a “neutral” rating and set a $126.00 price target (up previously from $111.00) on shares of ManpowerGroup in a research report on Monday, October 23rd. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $107.00 price target on shares of ManpowerGroup in a research report on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $126.71.
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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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