Great West Life Assurance Co. Can Has $8.92 Million Holdings in ManpowerGroup (MAN)
Great West Life Assurance Co. Can decreased its holdings in ManpowerGroup (NYSE:MAN) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,442 shares of the business services provider’s stock after selling 843 shares during the quarter. Great West Life Assurance Co. Can owned 0.11% of ManpowerGroup worth $8,917,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of MAN. Acrospire Investment Management LLC raised its position in shares of ManpowerGroup by 27.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock valued at $103,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc raised its position in shares of ManpowerGroup by 14.1% in the 2nd quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after buying an additional 116 shares in the last quarter. Harfst & Associates Inc. acquired a new position in shares of ManpowerGroup in the 2nd quarter valued at approximately $149,000. Aviance Capital Management LLC acquired a new position in shares of ManpowerGroup in the 2nd quarter valued at approximately $200,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of ManpowerGroup in the 2nd quarter valued at approximately $201,000. Institutional investors own 94.66% of the company’s stock.
In other ManpowerGroup news, Director Patricia Hemingway Hall sold 3,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $127.54, for a total transaction of $382,620.00. Following the transaction, the director now owns 4,021 shares in the company, valued at $512,838.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Richard Buchband sold 2,059 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $126.48, for a total transaction of $260,422.32. The disclosure for this sale can be found here. Insiders have sold a total of 30,015 shares of company stock worth $3,762,970 in the last quarter. 0.87% of the stock is owned by corporate insiders.
Shares of ManpowerGroup (NYSE MAN) traded down $2.02 during midday trading on Wednesday, hitting $125.01. 440,700 shares of the stock were exchanged, compared to its average volume of 559,213. The firm has a market cap of $8,418.09, a P/E ratio of 18.82 and a beta of 1.44. ManpowerGroup has a 1 year low of $86.03 and a 1 year high of $131.99. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.17.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.08. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the previous year, the company earned $1.87 EPS. ManpowerGroup’s quarterly revenue was up 7.4% compared to the same quarter last year. sell-side analysts expect that ManpowerGroup will post 6.9 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. ManpowerGroup’s payout ratio is presently 27.68%.
Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. SunTrust Banks reaffirmed a “hold” rating and set a $107.00 price target on shares of ManpowerGroup in a report on Friday, October 20th. Zacks Investment Research lowered shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Royal Bank Of Canada lowered shares of ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Finally, ValuEngine lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $126.71.
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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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