ManpowerGroup Inc. (MAN) SVP Sells $119,291.55 in Stock
ManpowerGroup Inc. (NYSE:MAN) SVP Richard Buchband sold 1,435 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $83.13, for a total transaction of $119,291.55. Following the sale, the senior vice president now owns 1,003 shares of the company’s stock, valued at approximately $83,379.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Richard Buchband also recently made the following trade(s):
- On Monday, October 24th, Richard Buchband sold 2,026 shares of ManpowerGroup stock. The stock was sold at an average price of $82.00, for a total transaction of $166,132.00.
ManpowerGroup Inc. (NYSE:MAN) opened at 85.93 on Thursday. ManpowerGroup Inc. has a 52-week low of $57.26 and a 52-week high of $92.48. The firm has a market capitalization of $5.76 billion, a P/E ratio of 14.11 and a beta of 1.60. The firm’s 50-day moving average is $76.23 and its 200-day moving average is $72.85.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, October 21st. The company reported $1.87 EPS for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.16. ManpowerGroup had a return on equity of 17.00% and a net margin of 2.24%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter last year, the business earned $1.61 earnings per share. ManpowerGroup’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that ManpowerGroup Inc. will post $6.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Tuesday, November 29th. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.80. ManpowerGroup’s payout ratio is currently 28.15%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its position in ManpowerGroup by 124.9% in the second quarter. Acrospire Investment Management LLC now owns 1,799 shares of the company’s stock worth $116,000 after buying an additional 999 shares in the last quarter. MSI Financial Services Inc boosted its position in ManpowerGroup by 208.7% in the third quarter. MSI Financial Services Inc now owns 1,627 shares of the company’s stock worth $118,000 after buying an additional 1,100 shares in the last quarter. PineBridge Investments L.P. acquired a new position in ManpowerGroup during the second quarter worth about $156,000. Tower Research Capital LLC TRC acquired a new position in ManpowerGroup during the second quarter worth about $192,000. Finally, Zacks Investment Management acquired a new position in ManpowerGroup during the third quarter worth about $201,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.
A number of analysts have recently issued reports on MAN shares. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Tuesday, September 20th. Argus reiterated a “buy” rating and issued a $78.00 target price on shares of ManpowerGroup in a report on Monday, July 25th. Nomura reiterated a “buy” rating and issued a $97.00 target price (down previously from $102.00) on shares of ManpowerGroup in a report on Friday, July 22nd. Deutsche Bank AG initiated coverage on shares of ManpowerGroup in a report on Wednesday, August 17th. They issued a “hold” rating and a $77.00 target price for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $81.00 target price on shares of ManpowerGroup in a report on Tuesday, September 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. ManpowerGroup presently has an average rating of “Hold” and an average 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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