ARP Americas LLC Buys New Holdings in ManpowerGroup (MAN)
ARP Americas LLC bought a new stake in ManpowerGroup (NYSE:MAN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,903 shares of the business services provider’s stock, valued at approximately $342,000.
Other large investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its holdings in shares of ManpowerGroup by 27.6% in the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 200 shares during the period. IFP Advisors Inc increased its holdings in shares of ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 116 shares during the period. First Quadrant L P CA acquired a new position in shares of ManpowerGroup in the second quarter valued at approximately $123,000. Harfst & Associates Inc. acquired a new position in shares of ManpowerGroup in the second quarter valued at approximately $149,000. Finally, Exane Derivatives increased its holdings in shares of ManpowerGroup by 166.7% in the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 862 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.
MAN has been the topic of a number of recent research reports. BidaskClub lowered ManpowerGroup from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. BMO Capital Markets restated a “buy” rating and issued a $124.00 price target on shares of ManpowerGroup in a research note on Friday, September 1st. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research note on Wednesday, October 18th. Nomura lifted their price target on ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Argus lifted their price target on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $126.71.
ManpowerGroup (NYSE:MAN) opened at $126.00 on Friday. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 18.58 and a beta of 1.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.29 and a quick ratio of 1.29. ManpowerGroup has a 12 month low of $76.38 and a 12 month high of $126.05.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.87 earnings per share. equities analysts predict that ManpowerGroup will post 6.9 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 annualized dividend and a yield of 2.95%. ManpowerGroup’s dividend payout ratio is currently 27.72%.
In other ManpowerGroup news, EVP Mara E. Swan sold 2,393 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total transaction of $261,267.74. Following the completion of the sale, the executive vice president now directly owns 27,078 shares in the company, valued at $2,956,376.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gina Boswell sold 7,725 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $123.96, for a total value of $957,591.00. Following the sale, the director now owns 6,601 shares of the company’s stock, valued at $818,259.96. The disclosure for this sale can be found here. Insiders have sold 16,849 shares of company stock valued at $2,048,051 over the last 90 days. 0.87% of the stock is currently owned by insiders.
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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