ManpowerGroup (MAN) SVP Richard Buchband Sells 2,059 Shares
ManpowerGroup (NYSE:MAN) SVP Richard Buchband sold 2,059 shares of the company’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 value of $260,422.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
ManpowerGroup (MAN) traded down $0.02 during trading on Wednesday, hitting $125.98. The stock had a trading volume of 344,600 shares, compared to its average volume of 572,737. The stock has a market cap of $8,349.84, a PE ratio of 18.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.29. ManpowerGroup has a 12 month low of $83.13 and a 12 month high of $127.04.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.87 EPS. equities analysts forecast that ManpowerGroup will post 6.9 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.93 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, November 30th. ManpowerGroup’s dividend payout ratio is currently 27.68%.
Hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC increased its position in ManpowerGroup by 27.6% in 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 increased its position in ManpowerGroup by 14.1% in 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 ManpowerGroup in the second quarter worth $123,000. Harfst & Associates Inc. acquired a new stake in ManpowerGroup in the second quarter worth $149,000. Finally, Exane Derivatives increased its position in ManpowerGroup by 166.7% in the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after buying an additional 862 shares during the period. 95.25% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on MAN shares. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a report on Wednesday, October 18th. BMO Capital Markets restated a “buy” rating and issued a $124.00 price target on shares of ManpowerGroup in a report on Friday, September 1st. Credit Suisse Group restated a “neutral” rating and issued a $126.00 price target (up previously from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd. BidaskClub cut ManpowerGroup from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Nomura upped their price target on ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Five 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 price target of $126.71.
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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