Sei Investments Co. Boosts Stake in ManpowerGroup (MAN)
Sei Investments Co. lifted its stake in shares of ManpowerGroup (NYSE:MAN) by 19.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,711 shares of the business services provider’s stock after buying an additional 10,701 shares during the period. Sei Investments Co. owned approximately 0.10% of ManpowerGroup worth $7,742,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Acrospire Investment Management LLC lifted its stake in shares of ManpowerGroup by 27.6% during the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock worth $103,000 after buying an additional 200 shares during the period. IFP Advisors Inc lifted its stake in shares of ManpowerGroup by 14.1% during the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after buying an additional 116 shares during the period. First Quadrant L P CA acquired a new stake in shares of ManpowerGroup during the second quarter worth $123,000. Harfst & Associates Inc. acquired a new stake in shares of ManpowerGroup during the second quarter worth $149,000. Finally, Aviance Capital Management LLC acquired a new stake in shares of ManpowerGroup during the second quarter worth $200,000. Institutional investors and hedge funds own 96.42% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research note on Friday, October 27th. Argus raised their target price on shares of ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Nomura raised their target price on shares of ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Credit Suisse Group reissued a “neutral” rating and set a $126.00 target price (up previously from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $107.00 target price on shares of ManpowerGroup in a report on Friday, October 20th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $126.71.
ManpowerGroup (MAN) opened at $127.55 on Thursday. The firm has a market cap of $8,508.22, a price-to-earnings ratio of 19.02 and a beta of 1.44. 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 has a fifty-two week low of $84.98 and a fifty-two week high of $129.06.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.08. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.87 earnings per share. equities research analysts expect that ManpowerGroup will post 6.9 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86. ManpowerGroup’s payout ratio is currently 27.68%.
In other news, SVP Richard Buchband sold 2,059 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $126.48, for a total transaction of $260,422.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cari M. Dominguez sold 500 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total transaction of $63,145.00. Following the sale, the director now directly owns 16,990 shares of the company’s stock, valued at approximately $2,145,667.10. The disclosure for this sale can be found here. Insiders have sold 17,015 shares of company stock valued at $2,110,350 in the last three months. Corporate insiders own 0.87% of the company’s stock.
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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