Capital Insight Partners LLC Acquires 640 Shares of ManpowerGroup Inc. (NYSE:MAN)

Capital Insight Partners LLC boosted its stake in ManpowerGroup Inc. (NYSE:MAN – Get Rating) by 1.9% in the first quarter, Holdings Channel reports. The firm owned 34,832 shares of the business services provider’s stock after purchasing an additional 640 shares during the quarter. Capital Insight Partners LLC’s holdings in ManpowerGroup were worth $3,271,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Invesco Ltd. raised its stake in ManpowerGroup by 61.6% during the fourth quarter. Invesco Ltd. now owns 1,100,617 shares of the business services provider’s stock worth $107,122,000 after acquiring an additional 419,410 shares in the last quarter. Nordea Investment Management AB bought a new stake in ManpowerGroup in the fourth quarter valued at approximately $28,447,000. Point72 Europe London LLP bought a new position in shares of ManpowerGroup during the 4th quarter worth approximately $14,884,000. Allspring Global Investments Holdings LLC bought a new position in shares of ManpowerGroup during the 4th quarter worth approximately $11,186,000. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of ManpowerGroup by 72.6% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 241,541 shares of the business services provider’s stock worth $26,154,000 after buying an additional 101,570 shares in the last quarter. 95.26% of the stock is owned by institutional investors and hedge funds.

In other news, Director Ulice Payne, Jr. sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $86.69, for a total value of $52,014.00. Following the completion of the sale, the director now directly owns 8,532 shares of the company’s stock, valued at approximately $739,639.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on MAN. Credit Suisse Group lowered their price target on ManpowerGroup from $115.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, April 20th. Robert W. Baird cut their price target on ManpowerGroup from $144.00 to $120.00 in a research note on Wednesday, April 20th. Bank of America began coverage on ManpowerGroup in a research note on Friday, March 11th. They issued an “underperform” rating for the company. StockNews.com upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Saturday, June 25th. Finally, BMO Capital Markets downgraded ManpowerGroup from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $120.00 to $84.00 in a research report on Thursday, May 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.80.

ManpowerGroup stock traded down $0.14 during mid-day trading on Friday, hitting $76.27. The company had a trading volume of 4,877 shares, compared to its average volume of 441,074. ManpowerGroup Inc. has a 12 month low of $73.90 and a 12 month high of $123.84. The stock’s 50 day moving average price is $86.34 and its two-hundred day moving average price is $94.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.02 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.04 and a beta of 1.77.

ManpowerGroup (NYSE:MAN – Get Rating) last posted its quarterly earnings data on Tuesday, April 19th. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.32. The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.08 billion. ManpowerGroup had a return on equity of 17.72% and a net margin of 1.97%. ManpowerGroup’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. Equities research analysts anticipate that ManpowerGroup Inc. will post 9.08 EPS for the current year.

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Tuesday, May 31st. This is a positive change from ManpowerGroup’s previous Semi-Annual dividend of $1.26. This represents a yield of 3%. ManpowerGroup’s dividend payout ratio is presently 36.32%.

ManpowerGroup Company Profile (Get Rating)

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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