Bank of New York Mellon Corp boosted its holdings in ManpowerGroup Inc. (NYSE:MAN) by 3.7% during the first quarter, Holdings Channel.com reports. The fund owned 897,988 shares of the business services provider’s stock after acquiring an additional 31,718 shares during the period. Bank of New York Mellon Corp’s holdings in ManpowerGroup were worth $47,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Citizens Financial Group Inc RI boosted its stake in shares of ManpowerGroup by 303.1% during the 4th quarter. Citizens Financial Group Inc RI now owns 778 shares of the business services provider’s stock worth $76,000 after purchasing an additional 585 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of ManpowerGroup during the 4th quarter worth about $201,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of ManpowerGroup during the 4th quarter worth about $202,000. Advisor Partners LLC acquired a new stake in shares of ManpowerGroup during the 4th quarter worth about $210,000. Finally, Hikari Power Ltd acquired a new stake in shares of ManpowerGroup during the 4th quarter worth about $223,000. 91.75% of the stock is currently owned by hedge funds and other institutional investors.

MAN opened at $71.54 on Friday. ManpowerGroup Inc. has a 52-week low of $49.57 and a 52-week high of $100.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.15 billion, a P/E ratio of 10.38, a P/E/G ratio of 17.50 and a beta of 2.05. The firm’s 50 day moving average is $65.41 and its 200-day moving average is $82.61.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Tuesday, April 21st. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. ManpowerGroup had a net margin of 2.02% and a return on equity of 15.12%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. Equities analysts expect that ManpowerGroup Inc. will post 2.8 earnings per share for the current fiscal year.

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $1.09 dividend. This represents a yield of 3.3%. The ex-dividend date is Friday, May 29th. ManpowerGroup’s dividend payout ratio (DPR) is presently 29.26%.

MAN has been the topic of several analyst reports. SunTrust Banks decreased their price target on shares of ManpowerGroup from $92.00 to $64.00 in a research note on Friday, March 27th. Credit Suisse Group upgraded shares of ManpowerGroup from an “underperform” rating to a “neutral” rating and set a $70.00 price objective on the stock in a report on Thursday. They noted that the move was a valuation call. CL King cut their price objective on shares of ManpowerGroup from $107.00 to $80.00 in a report on Tuesday, April 7th. ValuEngine upgraded shares of ManpowerGroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, Royal Bank of Canada increased their price objective on shares of ManpowerGroup from $86.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. ManpowerGroup currently has a consensus rating of “Hold” and a consensus target price of $80.60.

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 offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

See Also: Diluted Earnings Per Share

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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