BNP Paribas Arbitrage SA increased its holdings in shares of ManpowerGroup Inc. (NYSE:MAN – Get Rating) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,878 shares of the business services provider’s stock after buying an additional 2,860 shares during the period. BNP Paribas Arbitrage SA owned about 0.11% of ManpowerGroup worth $5,633,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MAN. Morgan Stanley boosted its position in ManpowerGroup by 128.3% during the 2nd quarter. Morgan Stanley now owns 119,730 shares of the business services provider’s stock worth $14,238,000 after buying an additional 67,281 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ManpowerGroup in the 3rd quarter worth approximately $228,000. Advisor Group Holdings Inc. lifted its position in shares of ManpowerGroup by 8.1% in the 3rd quarter. Advisor Group Holdings Inc. now owns 11,385 shares of the business services provider’s stock worth $1,241,000 after purchasing an additional 853 shares during the period. Truist Financial Corp lifted its position in shares of ManpowerGroup by 85.1% in the 3rd quarter. Truist Financial Corp now owns 20,535 shares of the business services provider’s stock worth $2,224,000 after purchasing an additional 9,441 shares during the period. Finally, Advisory Services Network LLC lifted its position in shares of ManpowerGroup by 16.6% in the 3rd quarter. Advisory Services Network LLC now owns 1,910 shares of the business services provider’s stock worth $207,000 after purchasing an additional 272 shares during the period. Institutional investors and hedge funds own 95.26% of the company’s stock.
In other ManpowerGroup news, SVP Donald O. Mondano sold 1,471 shares of the business’s stock in a transaction on Monday, February 14th. The shares were sold at an average price of $110.00, for a total transaction of $161,810.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.
ManpowerGroup (NYSE:MAN – Get Rating) last announced its quarterly earnings results on Tuesday, April 19th. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.32. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.08 billion. ManpowerGroup had a net margin of 1.97% and a return on equity of 17.72%. ManpowerGroup’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 EPS. On average, equities analysts predict that ManpowerGroup Inc. will post 9.08 earnings per share for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $1.36 per share. This represents a yield of 3%. The ex-dividend date is Tuesday, May 31st. This is a positive change from ManpowerGroup’s previous Semi-Annual dividend of $1.26. ManpowerGroup’s payout ratio is 33.64%.
A number of research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of ManpowerGroup from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 20th. Robert W. Baird dropped their price target on shares of ManpowerGroup from $144.00 to $120.00 in a research report on Wednesday, April 20th. StockNews.com upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. Bank of America initiated coverage on shares of ManpowerGroup in a research note on Friday, March 11th. They issued an “underperform” rating for the company. Finally, Credit Suisse Group lowered their price objective on shares of ManpowerGroup from $115.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, April 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ManpowerGroup has a consensus rating of “Hold” and an average price target of $119.17.
ManpowerGroup Profile (Get Rating)
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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