BNP Paribas Arbitrage SA cut its holdings in ManpowerGroup Inc. (NYSE:MAN) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,246 shares of the business services provider’s stock after selling 2,080 shares during the period. BNP Paribas Arbitrage SA owned about 0.18% of ManpowerGroup worth $9,116,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its holdings in ManpowerGroup by 6,258.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,212,136 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 3,161,617 shares in the last quarter. LSV Asset Management boosted its stake in shares of ManpowerGroup by 5.5% during the 4th quarter. LSV Asset Management now owns 1,827,463 shares of the business services provider’s stock worth $118,419,000 after acquiring an additional 94,867 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ManpowerGroup by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,592,465 shares of the business services provider’s stock worth $103,194,000 after acquiring an additional 75,824 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ManpowerGroup by 10.0% during the 4th quarter. Bank of New York Mellon Corp now owns 914,587 shares of the business services provider’s stock worth $59,265,000 after acquiring an additional 82,946 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of ManpowerGroup by 8.9% during the 4th quarter. Two Sigma Advisers LP now owns 827,574 shares of the business services provider’s stock worth $53,627,000 after acquiring an additional 67,381 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.
MAN traded down $1.31 during trading on Wednesday, hitting $91.48. The company’s stock had a trading volume of 331,221 shares, compared to its average volume of 580,742. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.44 and a current ratio of 1.43. The company has a market capitalization of $5.50 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 3.80 and a beta of 1.55. ManpowerGroup Inc. has a twelve month low of $61.57 and a twelve month high of $97.26.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, April 18th. The business services provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $5 billion. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. ManpowerGroup’s revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 EPS. As a group, equities research analysts forecast that ManpowerGroup Inc. will post 7.77 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be issued a $1.09 dividend. The ex-dividend date is Friday, May 31st. This is an increase from ManpowerGroup’s previous semiannual dividend of $1.01. This represents a yield of 2.43%. ManpowerGroup’s payout ratio is 22.57%.
In other news, EVP Sriram Chandrashekar sold 14,706 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $84.90, for a total transaction of $1,248,539.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,750 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $85.40, for a total value of $149,450.00. Following the sale, the director now owns 8,036 shares of the company’s stock, valued at $686,274.40. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.
Several brokerages have recently commented on MAN. Royal Bank of Canada began coverage on ManpowerGroup in a research note on Tuesday, April 16th. They set an “outperform” rating and a $114.00 price target on the stock. Zacks Investment Research lowered ManpowerGroup from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. BMO Capital Markets boosted their price target on ManpowerGroup to $93.00 and gave the stock a “market perform” rating in a research note on Monday, April 22nd. TheStreet upgraded ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Finally, ValuEngine upgraded ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $97.09.
ManpowerGroup Company 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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