Cerebellum GP LLC raised its holdings in ManpowerGroup Inc. (NYSE:MAN) by 80.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,999 shares of the business services provider’s stock after buying an additional 1,784 shares during the quarter. Cerebellum GP LLC’s holdings in ManpowerGroup were worth $259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MAN. IFP Advisors Inc grew its holdings in shares of ManpowerGroup by 148.6% during the 3rd quarter. IFP Advisors Inc now owns 1,310 shares of the business services provider’s stock worth $113,000 after purchasing an additional 783 shares during the period. Schroder Investment Management Group grew its holdings in shares of ManpowerGroup by 133.3% during the 3rd quarter. Schroder Investment Management Group now owns 2,100 shares of the business services provider’s stock worth $181,000 after purchasing an additional 1,200 shares during the period. Paradigm Asset Management Co. LLC purchased a new stake in shares of ManpowerGroup during the 3rd quarter worth about $198,000. Atria Investments LLC purchased a new stake in shares of ManpowerGroup during the 3rd quarter worth about $214,000. Finally, Banco Santander S.A. purchased a new stake in shares of ManpowerGroup during the 3rd quarter worth about $236,000. Institutional investors own 94.01% of the company’s stock.

In other ManpowerGroup news, Director John R. Walter sold 7,403 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $77.74, for a total value of $575,509.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Downe bought 4,000 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was acquired at an average cost of $81.21 per share, for a total transaction of $324,840.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at $324,840. The disclosure for this purchase can be found here. Corporate insiders own 1.02% of the company’s stock.

A number of brokerages have recently issued reports on MAN. BMO Capital Markets decreased their target price on ManpowerGroup from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. They noted that the move was a valuation call. Robert W. Baird decreased their target price on ManpowerGroup from $101.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Zacks Investment Research upgraded ManpowerGroup from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Barclays reduced their price target on ManpowerGroup from $90.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 2nd. Finally, Argus reduced their price target on ManpowerGroup from $135.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, October 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $99.00.

ManpowerGroup stock opened at $70.99 on Friday. The company has a market cap of $4.39 billion, a P/E ratio of 10.08, a P/E/G ratio of 1.00 and a beta of 1.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. ManpowerGroup Inc. has a one year low of $61.57 and a one year high of $136.93.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, October 19th. The business services provider reported $2.43 EPS for the quarter, topping the consensus estimate of $2.41 by $0.02. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.64 billion. ManpowerGroup had a return on equity of 20.02% and a net margin of 2.76%. ManpowerGroup’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 EPS. Sell-side analysts expect that ManpowerGroup Inc. will post 8.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Monday, December 3rd were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 5.69%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.93. The ex-dividend date was Friday, November 30th. ManpowerGroup’s dividend payout ratio is presently 28.69%.

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ManpowerGroup Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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