ManpowerGroup (MAN) Shares Bought by Swiss National Bank
Swiss National Bank boosted its position in shares of ManpowerGroup (NYSE:MAN) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 247,764 shares of the business services provider’s stock after purchasing an additional 1,100 shares during the quarter. Swiss National Bank owned approximately 371,293.27% of ManpowerGroup worth $29,192,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in ManpowerGroup by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 99,032 shares of the business services provider’s stock worth $11,057,000 after purchasing an additional 906 shares in the last quarter. Koch Industries Inc. purchased a new stake in ManpowerGroup during the second quarter worth $208,000. Mutual of America Capital Management LLC boosted its position in ManpowerGroup by 0.9% during the third quarter. Mutual of America Capital Management LLC now owns 54,819 shares of the business services provider’s stock worth $6,459,000 after purchasing an additional 483 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in ManpowerGroup during the second quarter worth $1,374,000. Finally, Keybank National Association OH boosted its position in ManpowerGroup by 42.1% during the second quarter. Keybank National Association OH now owns 13,777 shares of the business services provider’s stock worth $1,538,000 after purchasing an additional 4,080 shares in the last quarter. Institutional investors own 95.25% of the company’s stock.
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ManpowerGroup (MAN) opened at $126.18 on Friday. The company has a market capitalization of $8,380.00, a price-to-earnings ratio of 18.66 and a beta of 1.43. ManpowerGroup has a 12 month low of $84.89 and a 12 month high of $127.31. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.29 and a quick ratio of 1.29.
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 firm had revenue of $5.47 billion during the quarter, compared to analyst estimates 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 prior year, the firm posted $1.87 earnings per share. equities analysts predict that ManpowerGroup will post 6.9 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.93 dividend. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, November 30th. ManpowerGroup’s dividend payout ratio is presently 27.72%.
MAN has been the subject of a number of analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $124.00 price target on shares of ManpowerGroup in a report on Friday, September 1st. Zacks Investment Research raised 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. BidaskClub cut ManpowerGroup from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Nomura boosted 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. Finally, Argus boosted their price target on ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $126.71.
In related news, EVP Mara E. Swan sold 6,731 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $123.19, for a total value of $829,191.89. Following the completion of the transaction, the executive vice president now directly owns 31,416 shares in the company, valued at $3,870,137.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard Buchband sold 2,059 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $126.48, for a total value of $260,422.32. The disclosure for this sale can be found here. Insiders sold 17,015 shares of company stock valued at $2,110,350 over the last quarter. Insiders own 0.87% of the company’s stock.
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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