Hsbc Holdings PLC grew its holdings in ManpowerGroup Inc. (NYSE:MAN) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,384 shares of the business services provider’s stock after purchasing an additional 4,792 shares during the period. Hsbc Holdings PLC owned about 0.15% of ManpowerGroup worth $8,372,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MAN. IFP Advisors Inc lifted its position in shares of ManpowerGroup by 148.6% in the third quarter. IFP Advisors Inc now owns 1,310 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 783 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of ManpowerGroup by 213.0% in the second quarter. Itau Unibanco Holding S.A. now owns 1,643 shares of the business services provider’s stock worth $141,000 after buying an additional 1,118 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of ManpowerGroup by 133.3% in the third quarter. Schroder Investment Management Group now owns 2,100 shares of the business services provider’s stock worth $181,000 after buying an additional 1,200 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of ManpowerGroup in the third quarter worth about $214,000. Finally, Banco Santander S.A. purchased a new stake in shares of ManpowerGroup in the third quarter worth about $236,000. 94.89% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. Credit Suisse Group assumed coverage on ManpowerGroup in a research report on Friday, August 10th. They issued an “outperform” rating and a $115.00 target price on the stock. Zacks Investment Research raised ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Barclays reduced their price objective on ManpowerGroup from $90.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 2nd. Macquarie cut ManpowerGroup from an “outperform” rating to a “neutral” rating and set a $91.00 price objective on the stock. in a research note on Tuesday, October 9th. Finally, ValuEngine raised ManpowerGroup from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.85.

In other ManpowerGroup news, Director William Downe bought 4,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were purchased at an average price of $81.21 per share, with a total value of $324,840.00. Following the completion of the purchase, the director now owns 4,000 shares in the company, valued at approximately $324,840. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John R. Walter sold 7,403 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $77.74, for a total value of $575,509.22. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

Shares of NYSE MAN opened at $75.65 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. ManpowerGroup Inc. has a 1-year low of $71.79 and a 1-year high of $136.93. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.02 and a beta of 1.22.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Friday, October 19th. The business services provider reported $2.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.02. ManpowerGroup had a return on equity of 20.02% and a net margin of 2.76%. The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the previous year, the firm posted $2.04 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts predict that ManpowerGroup Inc. will post 8.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Monday, December 3rd will be paid a dividend of $1.01 per share. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.93. This represents a $4.04 annualized dividend and a yield of 5.34%. The ex-dividend date is Friday, November 30th. ManpowerGroup’s payout ratio is presently 28.69%.

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About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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