Mara E. Swan Sells 2,069 Shares of ManpowerGroup Inc. (MAN) Stock
ManpowerGroup Inc. (NYSE:MAN) EVP Mara E. Swan sold 2,069 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $80.09, for a total value of $165,706.21. Following the completion of the sale, the executive vice president now owns 26,187 shares in the company, valued at approximately $2,097,316.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ManpowerGroup Inc. (NYSE:MAN) opened at 83.53 on Monday. The company has a 50-day moving average price of $74.96 and a 200 day moving average price of $72.76. ManpowerGroup Inc. has a 1-year low of $57.26 and a 1-year high of $92.48. The firm has a market capitalization of $5.60 billion, a P/E ratio of 13.71 and a beta of 1.60.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, October 21st. The company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.71 by $0.16. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.99 billion. ManpowerGroup had a return on equity of 17.00% and a net margin of 2.24%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. Analysts expect that ManpowerGroup Inc. will post $6.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.86 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.80. The ex-dividend date is Tuesday, November 29th. This represents a $3.44 annualized dividend and a yield of 4.12%. ManpowerGroup’s payout ratio is 28.15%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in ManpowerGroup by 3.5% in the first quarter. Geode Capital Management LLC now owns 460,817 shares of the company’s stock valued at $37,501,000 after buying an additional 15,743 shares during the period. HBK Investments L P increased its position in shares of ManpowerGroup by 477.1% in the first quarter. HBK Investments L P now owns 27,700 shares of the company’s stock valued at $2,255,000 after buying an additional 22,900 shares during the period. Nuveen Asset Management LLC increased its position in shares of ManpowerGroup by 4.9% in the first quarter. Nuveen Asset Management LLC now owns 166,786 shares of the company’s stock valued at $13,580,000 after buying an additional 7,854 shares during the period. Bayesian Capital Management LP bought a new position in shares of ManpowerGroup during the first quarter valued at $212,000. Finally, Envestnet Asset Management Inc. increased its position in shares of ManpowerGroup by 1.0% in the first quarter. Envestnet Asset Management Inc. now owns 17,369 shares of the company’s stock valued at $1,414,000 after buying an additional 177 shares during the period. 94.84% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on MAN. Nomura reiterated a “buy” rating and issued a $97.00 target price (down previously from $102.00) on shares of ManpowerGroup in a research report on Friday, July 22nd. Zacks Investment Research upgraded ManpowerGroup from a “sell” rating to a “hold” rating and set a $90.00 target price on the stock in a research report on Monday, October 24th. Argus reiterated a “buy” rating and issued a $78.00 target price on shares of ManpowerGroup in a research report on Monday, July 25th. Deutsche Bank AG began coverage on ManpowerGroup in a research report on Wednesday, August 17th. They issued a “hold” rating and a $77.00 target price on the stock. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $85.00 target price on shares of ManpowerGroup in a research report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $84.58.
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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