Point72 Asset Management L.P. acquired a new stake in ManpowerGroup Inc. (NYSE:MAN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,000 shares of the business services provider’s stock, valued at approximately $3,535,000.

Other large investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in shares of ManpowerGroup by 27.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock worth $103,000 after purchasing an additional 200 shares during the last quarter. IFP Advisors Inc increased its stake in shares of ManpowerGroup by 14.1% during the 2nd quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after purchasing an additional 116 shares during the last quarter. Harfst & Associates Inc. purchased a new stake in shares of ManpowerGroup during the 2nd quarter worth approximately $149,000. Aviance Capital Management LLC purchased a new stake in shares of ManpowerGroup during the 2nd quarter worth approximately $200,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of ManpowerGroup during the 2nd quarter worth approximately $201,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

ManpowerGroup Inc. (NYSE MAN) opened at $126.29 on Wednesday. The company has a market cap of $8,375.68, a P/E ratio of 18.72 and a beta of 1.44. ManpowerGroup Inc. has a fifty-two week low of $88.39 and a fifty-two week high of $131.99. 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 (NYSE:MAN) last released its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The company 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%. ManpowerGroup’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.87 EPS. analysts predict that ManpowerGroup Inc. will post 6.9 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.93 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase 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 (DPR) is 27.68%.

In related news, EVP Mara E. Swan sold 6,731 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $123.19, for a total value of $829,191.89. Following the completion of the transaction, the executive vice president now directly owns 31,416 shares of the company’s stock, valued at approximately $3,870,137.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Richard Buchband sold 2,059 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $126.48, for a total transaction of $260,422.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,015 shares of company stock valued at $3,762,970. 0.87% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on MAN shares. SunTrust Banks restated a “hold” rating and set a $107.00 price target on shares of ManpowerGroup in a research note on Friday, October 20th. Credit Suisse Group restated a “neutral” rating and set a $126.00 price target (up previously from $111.00) on shares of ManpowerGroup in a research note on Monday, October 23rd. BMO Capital Markets restated a “buy” rating and set a $124.00 price target on shares of ManpowerGroup in a research note on Friday, September 1st. Zacks Investment Research lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Nomura raised their price target on shares of ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Six investment 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 target price of $126.71.

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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.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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