ManpowerGroup Inc. (MAN) Holdings Lifted by Axa
Axa boosted its holdings in ManpowerGroup Inc. (NYSE:MAN) by 55.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 254,700 shares of the business services provider’s stock after purchasing an additional 91,300 shares during the quarter. Axa owned approximately 0.38% of ManpowerGroup worth $30,009,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of ManpowerGroup by 0.3% during the 2nd quarter. BlackRock Inc. now owns 8,214,114 shares of the business services provider’s stock worth $917,106,000 after acquiring an additional 28,442 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of ManpowerGroup by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,286,080 shares of the business services provider’s stock worth $701,840,000 after acquiring an additional 267,064 shares in the last quarter. AJO LP raised its holdings in shares of ManpowerGroup by 30.9% during the 2nd quarter. AJO LP now owns 1,839,632 shares of the business services provider’s stock worth $205,395,000 after acquiring an additional 434,069 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of ManpowerGroup by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,617,999 shares of the business services provider’s stock worth $180,643,000 after acquiring an additional 69,089 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of ManpowerGroup by 7.7% during the 2nd quarter. LSV Asset Management now owns 1,571,568 shares of the business services provider’s stock worth $175,465,000 after acquiring an additional 112,900 shares in the last quarter. Institutional investors and hedge funds own 94.66% of the company’s stock.
Several brokerages have recently issued reports on MAN. BMO Capital Markets upped their price objective on ManpowerGroup from $124.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, October 2nd. Royal Bank of Canada cut ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Zacks Investment Research cut ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. ValuEngine cut ManpowerGroup from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $107.00 price objective on shares of ManpowerGroup in a report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. ManpowerGroup presently has an average rating of “Hold” and an average target price of $126.71.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the prior year, the firm posted $1.87 EPS. ManpowerGroup’s quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts forecast that ManpowerGroup Inc. will post 6.9 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. ManpowerGroup’s dividend payout ratio is presently 27.68%.
In related news, Director Gina Boswell sold 7,725 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $123.96, for a total transaction of $957,591.00. Following the sale, the director now owns 6,601 shares in the company, valued at approximately $818,259.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard Buchband sold 2,059 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $126.48, for a total value of $260,422.32. The disclosure for this sale can be found here. Insiders have sold a total of 30,015 shares of company stock worth $3,762,970 in 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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