ManpowerGroup (MAN) Director Sells $1,270,000.00 in Stock
ManpowerGroup (NYSE:MAN) Director Edward J. Zore sold 10,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $127.00, for a total transaction of $1,270,000.00. Following the transaction, the director now directly owns 29,876 shares of the company’s stock, valued at approximately $3,794,252. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of ManpowerGroup (NYSE:MAN) opened at $127.01 on Monday. The firm has a market cap of $8,416.83, a PE ratio of 18.82 and a beta of 1.44. ManpowerGroup has a 1-year low of $84.98 and a 1-year high of $131.99. 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 (NYSE:MAN) last posted its quarterly earnings data 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. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 earnings per share. analysts forecast that ManpowerGroup will post 6.9 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.72 annualized dividend and a yield of 2.93%. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. ManpowerGroup’s dividend payout ratio is presently 27.68%.
A number of hedge funds have recently bought and sold shares of MAN. AJO LP lifted its holdings in ManpowerGroup by 30.9% in the second quarter. AJO LP now owns 1,839,632 shares of the business services provider’s stock worth $205,395,000 after purchasing an additional 434,069 shares during the period. American Century Companies Inc. lifted its holdings in ManpowerGroup by 736.2% in the second quarter. American Century Companies Inc. now owns 348,282 shares of the business services provider’s stock worth $38,886,000 after purchasing an additional 306,630 shares during the period. Vanguard Group Inc. lifted its holdings in ManpowerGroup by 4.4% in the second quarter. Vanguard Group Inc. now owns 6,286,080 shares of the business services provider’s stock worth $701,840,000 after purchasing an additional 267,064 shares during the period. State Treasurer State of Michigan lifted its holdings in ManpowerGroup by 794.1% in the third quarter. State Treasurer State of Michigan now owns 247,030 shares of the business services provider’s stock worth $29,105,000 after purchasing an additional 219,400 shares during the period. Finally, Koch Industries Inc. acquired a new stake in ManpowerGroup in the 2nd quarter valued at about $208,000. 94.59% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on MAN. BMO Capital Markets boosted their price target on shares of ManpowerGroup from $124.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, October 2nd. Royal Bank Of Canada downgraded shares of ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Zacks Investment Research downgraded shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. ValuEngine downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Friday. Finally, BidaskClub raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $126.71.
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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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