Fiduciary Management Inc. WI lessened its stake in shares of ManpowerGroup (NYSE:MAN) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 936,224 shares of the business services provider’s stock after selling 7,535 shares during the quarter. Fiduciary Management Inc. WI owned about 1.41% of ManpowerGroup worth $110,306,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MAN. AJO LP grew its holdings in ManpowerGroup by 30.9% during the 2nd quarter. AJO LP now owns 1,839,632 shares of the business services provider’s stock valued at $205,395,000 after buying an additional 434,069 shares during the last quarter. American Century Companies Inc. grew its holdings in ManpowerGroup by 736.2% during the 2nd quarter. American Century Companies Inc. now owns 348,282 shares of the business services provider’s stock valued at $38,886,000 after buying an additional 306,630 shares during the last quarter. Vanguard Group Inc. grew its holdings in ManpowerGroup by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,286,080 shares of the business services provider’s stock valued at $701,840,000 after buying an additional 267,064 shares during the last quarter. State Treasurer State of Michigan grew its holdings in ManpowerGroup by 794.1% during the 3rd quarter. State Treasurer State of Michigan now owns 247,030 shares of the business services provider’s stock valued at $29,105,000 after buying an additional 219,400 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in ManpowerGroup during the 2nd quarter valued at $208,000. Hedge funds and other institutional investors own 94.66% of the company’s stock.

ManpowerGroup (NYSE:MAN) traded down $2.02 during mid-day trading on Wednesday, hitting $125.01. The stock had a trading volume of 440,700 shares, compared to its average volume of 559,213. ManpowerGroup has a 1-year low of $86.03 and a 1-year high of $131.99. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $8,418.09, a PE ratio of 18.82 and a beta of 1.44.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.08. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter last year, the firm earned $1.87 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. sell-side analysts forecast that ManpowerGroup will post 6.9 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.93 per share. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, November 30th. This represents a $3.72 annualized dividend and a dividend yield of 2.98%. ManpowerGroup’s dividend payout ratio (DPR) is 27.68%.

A number of brokerages have commented on MAN. ValuEngine cut ManpowerGroup from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Friday, October 27th. Argus raised their price objective on ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Nomura raised their price objective on ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, Credit Suisse Group restated a “neutral” rating and set a $126.00 price objective (up previously from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $126.71.

In related news, Director Cari M. Dominguez sold 500 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total value of $63,145.00. Following the transaction, the director now directly owns 16,990 shares of the company’s stock, valued at approximately $2,145,667.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward J. Zore sold 10,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $127.00, for a total value of $1,270,000.00. Following the completion of the transaction, the director now directly owns 29,876 shares in the company, valued at $3,794,252. The disclosure for this sale can be found here. Insiders have sold 30,015 shares of company stock worth $3,762,970 in the last 90 days. Insiders own 0.87% of the company’s stock.

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ManpowerGroup 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.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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