ManpowerGroup Inc. (MAN) to Issue Quarterly Dividend of $0.86 on December 15th
ManpowerGroup Inc. (NYSE:MAN) announced a quarterly dividend on Wednesday, November 2nd. Investors of record on Thursday, December 1st will be given a dividend of 0.86 per share on Thursday, December 15th. This represents a $3.44 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Tuesday, November 29th. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.80.
Shares of ManpowerGroup (NYSE:MAN) opened at 87.25 on Thursday. The company has a market capitalization of $5.85 billion, a PE ratio of 14.32 and a beta of 1.60. The company’s 50-day moving average price is $78.20 and its 200-day moving average price is $73.18. ManpowerGroup has a 1-year low of $57.26 and a 1-year high of $92.48.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, October 21st. The company reported $1.87 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the business posted $1.61 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts expect that ManpowerGroup will post $6.14 earnings per share for the current fiscal year.
In other news, SVP Richard Buchband sold 2,026 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $82.00, for a total transaction of $166,132.00. Following the completion of the sale, the senior vice president now owns 2,438 shares in the company, valued at $199,916. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Sriram Chandrashekar sold 9,261 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $80.72, for a total value of $747,547.92. Following the sale, the executive vice president now owns 1,477 shares of the company’s stock, valued at approximately $119,223.44. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in MAN. Nuveen Fund Advisors LLC bought a new stake in shares of ManpowerGroup during the second quarter valued at about $202,000. Gideon Capital Advisors Inc. increased its stake in shares of ManpowerGroup by 3.8% in the second quarter. Gideon Capital Advisors Inc. now owns 4,130 shares of the company’s stock valued at $266,000 after buying an additional 153 shares during the period. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of ManpowerGroup during the second quarter valued at about $296,000. Meiji Yasuda Life Insurance Co bought a new stake in shares of ManpowerGroup during the second quarter valued at about $321,000. Finally, Baird Financial Group Inc. increased its stake in shares of ManpowerGroup by 33.2% in the second quarter. Baird Financial Group Inc. now owns 5,711 shares of the company’s stock valued at $367,000 after buying an additional 1,425 shares during the period. Institutional investors and hedge funds own 95.94% of the company’s stock.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded ManpowerGroup from a “sell” rating to a “hold” rating and set a $90.00 price target on the stock in a report on Monday, October 24th. Deutsche Bank AG assumed coverage on ManpowerGroup in a report on Wednesday, August 17th. They set a “hold” rating and a $77.00 price target on the stock. Piper Jaffray Cos. restated an “overweight” rating and set a $85.00 price target on shares of ManpowerGroup in a report on Friday, August 26th. Macquarie assumed coverage on ManpowerGroup in a report on Thursday, August 25th. They set an “outperform” rating and a $86.00 price target on the stock. Finally, BMO Capital Markets restated an “outperform” rating and set a $81.00 price target 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 assigned a buy rating to the stock. ManpowerGroup currently has an average rating of “Hold” and an average price target of $84.58.
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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