ManpowerGroup (MAN) Stock Rating Reaffirmed by Deutsche Bank
Deutsche Bank reaffirmed their hold rating on shares of ManpowerGroup (NYSE:MAN) in a research note published on Tuesday morning. Deutsche Bank currently has a $110.00 price objective on the business services provider’s stock.
Several other analysts have also recently commented on MAN. BMO Capital Markets lifted their target price on shares of ManpowerGroup from $124.00 to $132.00 and gave the stock an outperform rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of 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. ValuEngine cut shares of ManpowerGroup from a buy rating to a hold rating in a research note on Friday, December 1st. Royal Bank of Canada cut shares of ManpowerGroup from an outperform rating to a sector perform rating in a research note on Thursday, September 28th. Finally, Argus lifted their target price on shares of ManpowerGroup from $118.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, October 26th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $125.25.
Shares of ManpowerGroup (NYSE MAN) traded down $0.15 on Tuesday, hitting $129.75. 279,459 shares of the stock were exchanged, compared to its average volume of 327,878. 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 fifty-two week low of $91.13 and a fifty-two week high of $131.99. The stock has a market cap of $8,630.00, a PE ratio of 19.34 and a beta of 1.45.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.93 dividend. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, November 30th. ManpowerGroup’s payout ratio is presently 27.72%.
In other news, Director Patricia Hemingway Hall sold 3,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $127.54, for a total transaction of $382,620.00. Following the completion of the sale, the director now directly owns 4,021 shares of the company’s stock, valued at approximately $512,838.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mara E. Swan sold 6,731 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $123.19, for a total transaction of $829,191.89. Following the sale, the executive vice president now directly owns 31,416 shares of the company’s stock, valued at $3,870,137.04. The disclosure for this sale can be found here. Insiders sold a total of 30,015 shares of company stock valued at $3,762,970 over the last ninety days. 0.87% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC grew its stake in shares of ManpowerGroup by 27.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock valued at $103,000 after buying an additional 200 shares during the period. Harfst & Associates Inc. purchased a new stake in shares of ManpowerGroup during the 2nd quarter valued at $149,000. Calamos Advisors LLC acquired a new position in shares of ManpowerGroup during the 3rd quarter valued at $203,000. Bank of Hawaii acquired a new position in shares of ManpowerGroup during the 3rd quarter valued at $207,000. Finally, Aviance Capital Management LLC acquired a new position in shares of ManpowerGroup during the 2nd quarter valued at $200,000. 94.44% of the stock is owned by institutional investors.
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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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