ManpowerGroup (MAN) Shares Sold by Affinity Investment Advisors LLC
Affinity Investment Advisors LLC lessened its holdings in ManpowerGroup (NYSE:MAN) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,276 shares of the business services provider’s stock after selling 4,228 shares during the period. Affinity Investment Advisors LLC owned 0.10% of ManpowerGroup worth $8,044,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ARP Americas LLC bought a new stake in ManpowerGroup in the 3rd quarter valued at $342,000. New York State Teachers Retirement System raised its stake in ManpowerGroup by 6.2% in the 3rd quarter. New York State Teachers Retirement System now owns 120,347 shares of the business services provider’s stock valued at $14,179,000 after acquiring an additional 7,000 shares during the period. Victory Capital Management Inc. raised its stake in ManpowerGroup by 105.5% in the 3rd quarter. Victory Capital Management Inc. now owns 264,379 shares of the business services provider’s stock valued at $31,150,000 after acquiring an additional 135,717 shares during the period. Crossmark Global Holdings Inc. bought a new stake in ManpowerGroup in the 3rd quarter valued at $1,066,000. Finally, Calamos Advisors LLC bought a new stake in ManpowerGroup in the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 95.11% of the company’s stock.
A number of research firms recently weighed in on MAN. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Argus increased 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. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Friday, October 27th. Nomura increased 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, BMO Capital Markets increased their price target on ManpowerGroup from $124.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, October 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $126.71.
In other news, Director Gina Boswell sold 7,725 shares of the company’s 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 transaction, the director now owns 6,601 shares of the company’s stock, valued at approximately $818,259.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ulice Payne, Jr. sold 2,100 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $107.94, for a total value of $226,674.00. Following the transaction, the director now directly owns 11,136 shares in the company, valued at approximately $1,202,019.84. The disclosure for this sale can be found here. Insiders have sold a total of 18,949 shares of company stock worth $2,274,725 in the last ninety days. Insiders own 0.87% of the company’s stock.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.08. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the prior year, the firm earned $1.87 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.02%. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86. ManpowerGroup’s dividend payout ratio is currently 27.68%.
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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