Jaffetilchin Investment Partners LLC lessened its stake in ManpowerGroup Inc. (NYSE:MAN) by 24.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,077 shares of the business services provider’s stock after selling 2,903 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in ManpowerGroup were worth $1,145,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MAN. Tredje AP fonden boosted its stake in shares of ManpowerGroup by 3.3% in the 2nd quarter. Tredje AP fonden now owns 11,684 shares of the business services provider’s stock valued at $1,305,000 after buying an additional 374 shares during the period. Private Advisor Group LLC boosted its stake in shares of ManpowerGroup by 64.0% in the 2nd quarter. Private Advisor Group LLC now owns 5,799 shares of the business services provider’s stock valued at $672,000 after buying an additional 2,263 shares during the period. Wells Fargo & Company MN boosted its stake in shares of ManpowerGroup by 55.8% in the 2nd quarter. Wells Fargo & Company MN now owns 283,224 shares of the business services provider’s stock valued at $31,622,000 after buying an additional 101,465 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in shares of ManpowerGroup by 65.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 16,704 shares of the business services provider’s stock valued at $1,865,000 after buying an additional 6,602 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of ManpowerGroup by 3.8% in the 2nd quarter. Alliancebernstein L.P. now owns 51,672 shares of the business services provider’s stock valued at $5,769,000 after buying an additional 1,910 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

MAN has been the subject of several recent research reports. SunTrust Banks reiterated a “hold” rating and issued a $107.00 price objective on shares of ManpowerGroup in a research note on Friday, October 20th. Credit Suisse Group reiterated a “neutral” rating and issued a $126.00 price objective (up previously from $111.00) on shares of ManpowerGroup in a research note on Monday, October 23rd. Zacks Investment Research cut ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Nomura lifted their price objective 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 raised their target price on ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $124.63.

In other ManpowerGroup news, EVP Mara E. Swan sold 6,731 shares of ManpowerGroup stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $123.19, for a total transaction of $829,191.89. Following the transaction, the executive vice president now owns 31,416 shares of the company’s stock, valued at $3,870,137.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Patricia Hemingway Hall sold 3,000 shares of ManpowerGroup stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $127.54, for a total value of $382,620.00. Following the transaction, the director now directly owns 4,021 shares in the company, valued at approximately $512,838.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,015 shares of company stock worth $3,762,970. 0.87% of the stock is currently owned by corporate insiders.

Shares of ManpowerGroup Inc. (MAN) traded up $0.18 during midday trading on Wednesday, hitting $130.49. The stock had a trading volume of 392,200 shares, compared to its average volume of 264,833. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.17. ManpowerGroup Inc. has a 1-year low of $89.78 and a 1-year high of $131.99. The firm has a market cap of $8,650.00, a price-to-earnings ratio of 19.45 and a beta of 1.45.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.08. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter last year, the company earned $1.87 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. sell-side analysts forecast that ManpowerGroup Inc. will post 6.9 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.93 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.72 annualized dividend and a yield of 2.85%. ManpowerGroup’s payout ratio is 27.72%.

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About ManpowerGroup

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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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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