Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ManpowerGroup Inc. (NYSE:MAN) by 15.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,461 shares of the business services provider’s stock after acquiring an additional 1,881 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ManpowerGroup were worth $766,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Globeflex Capital L P raised its stake in shares of ManpowerGroup by 0.9% in the 4th quarter. Globeflex Capital L P now owns 12,195 shares of the business services provider’s stock valued at $1,184,000 after acquiring an additional 108 shares during the period. M&T Bank Corp grew its holdings in ManpowerGroup by 2.9% during the 4th quarter. M&T Bank Corp now owns 4,165 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 118 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in ManpowerGroup by 1.1% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 11,100 shares of the business services provider’s stock valued at $1,078,000 after purchasing an additional 120 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in ManpowerGroup by 4.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,983 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 133 shares in the last quarter. Finally, Creative Planning grew its holdings in ManpowerGroup by 2.2% during the 4th quarter. Creative Planning now owns 6,143 shares of the business services provider’s stock valued at $597,000 after purchasing an additional 134 shares in the last quarter. 91.75% of the stock is currently owned by institutional investors and hedge funds.

NYSE MAN opened at $71.54 on Friday. 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 stock has a market capitalization of $4.15 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 17.50 and a beta of 2.05. The company has a 50 day moving average price of $65.41 and a two-hundred day moving average price of $82.61. ManpowerGroup Inc. has a 12-month low of $49.57 and a 12-month high of $100.99.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Tuesday, April 21st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.09. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.23 billion. ManpowerGroup had a net margin of 2.02% and a return on equity of 15.12%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. As a group, equities analysts anticipate that ManpowerGroup Inc. will post 2.8 EPS for the current year.

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid 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 subject of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of ManpowerGroup from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. ValuEngine raised shares of ManpowerGroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th. Barclays lowered shares of ManpowerGroup from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $112.00 to $68.00 in a report on Thursday, March 19th. Credit Suisse Group raised shares of ManpowerGroup from an “underperform” rating to a “neutral” rating and set a $70.00 price objective for the company in a report on Thursday. They noted that the move was a valuation call. Finally, CL King decreased their price target on shares of ManpowerGroup from $107.00 to $80.00 in a report on Tuesday, April 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $80.60.

ManpowerGroup Profile

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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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