Caisse DE Depot ET Placement DU Quebec lifted its position in shares of ManpowerGroup (NYSE:MAN) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,900 shares of the business services provider’s stock after buying an additional 1,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of ManpowerGroup worth $5,786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in ManpowerGroup by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 99,032 shares of the business services provider’s stock valued at $11,057,000 after purchasing an additional 906 shares in the last quarter. Koch Industries Inc. acquired a new position in ManpowerGroup in the second quarter valued at about $208,000. Mutual of America Capital Management LLC raised its stake in ManpowerGroup by 0.9% in the third quarter. Mutual of America Capital Management LLC now owns 54,819 shares of the business services provider’s stock valued at $6,459,000 after purchasing an additional 483 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in ManpowerGroup by 22.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 156,680 shares of the business services provider’s stock valued at $18,460,000 after purchasing an additional 29,091 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in ManpowerGroup in the second quarter valued at about $1,374,000. 94.66% of the stock is owned by institutional investors.

In other news, SVP Richard Buchband sold 2,059 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $126.48, for a total transaction of $260,422.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Cari M. Dominguez sold 500 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total value of $63,145.00. Following the sale, the director now owns 16,990 shares in the company, valued at $2,145,667.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,015 shares of company stock worth $3,762,970. Company insiders own 0.87% of the company’s stock.

Several brokerages have commented on MAN. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research note on Wednesday, October 18th. BMO Capital Markets reissued a “buy” rating and set a $124.00 target price on shares of ManpowerGroup in a research note on Friday, September 1st. Argus boosted their target price on ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Nomura boosted their target price on ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Credit Suisse Group reissued a “neutral” rating and set a $126.00 target price (up previously from $111.00) on shares of ManpowerGroup in a research note on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $126.71.

ManpowerGroup (NYSE MAN) traded up $2.39 during trading hours on Friday, hitting $127.96. The stock had a trading volume of 393,612 shares, compared to its average volume of 336,439. The company has a market capitalization of $8,479.78, a PE ratio of 18.96 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 52 week low of $88.39 and a 52 week high of $131.99.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The company had revenue of $5.47 billion for 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 quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 earnings per share. equities analysts forecast that ManpowerGroup will post 6.9 earnings per share for the current fiscal year.

The company also recently declared 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. This represents a $3.72 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, November 30th. ManpowerGroup’s payout ratio is 27.68%.

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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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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