Freestone Capital Holdings LLC increased its position in ManpowerGroup Inc. (NYSE:MAN) by 18.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 42,744 shares of the business services provider’s stock after purchasing an additional 6,804 shares during the period. Freestone Capital Holdings LLC’s holdings in ManpowerGroup were worth $3,535,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fort L.P. lifted its position in shares of ManpowerGroup by 926.4% in the fourth quarter. Fort L.P. now owns 544 shares of the business services provider’s stock worth $35,000 after buying an additional 491 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of ManpowerGroup by 6,258.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,212,136 shares of the business services provider’s stock worth $50,000 after buying an additional 3,161,617 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of ManpowerGroup in the fourth quarter worth about $84,000. First Mercantile Trust Co. purchased a new stake in shares of ManpowerGroup in the first quarter worth about $123,000. Finally, US Bancorp DE lifted its position in shares of ManpowerGroup by 29.9% in the first quarter. US Bancorp DE now owns 1,744 shares of the business services provider’s stock worth $144,000 after buying an additional 401 shares in the last quarter. Institutional investors own 90.90% of the company’s stock.

Shares of MAN stock opened at $91.19 on Friday. ManpowerGroup Inc. has a 1 year low of $61.57 and a 1 year high of $97.26. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.38. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 3.79 and a beta of 1.55.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, April 18th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. The business had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5 billion. During the same period in the prior year, the business posted $1.72 earnings per share. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that ManpowerGroup Inc. will post 7.84 earnings per share for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a $1.09 dividend. This represents a dividend yield of 2.43%. This is an increase from ManpowerGroup’s previous semiannual dividend of $1.01. The ex-dividend date is Friday, May 31st. ManpowerGroup’s dividend payout ratio is presently 22.57%.

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. BMO Capital Markets upped their price objective on ManpowerGroup to $93.00 and gave the company a “market perform” rating in a research report on Monday, April 22nd. Royal Bank of Canada initiated coverage on ManpowerGroup in a research report on Tuesday, April 16th. They set an “outperform” rating and a $114.00 price objective on the stock. Finally, TheStreet upgraded ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $97.09.

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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 offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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