Insider Selling: ManpowerGroup Insider Sells 219,890 Shares of Stock (MAN)
ManpowerGroup (NYSE:MAN) Insider Jeffrey A. Joerres sold 219,890 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $80.73, for a total transaction of $17,751,719.70. Following the sale, the insider now directly owns 178,782 shares in the company, valued at approximately $14,433,071. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
ManpowerGroup (NYSE:MAN) traded up 1.25% during mid-day trading on Tuesday, hitting $80.22. The stock had a trading volume of 1,091,943 shares. ManpowerGroup has a 1-year low of $51.06 and a 1-year high of $87.16. The stock has a 50-day moving average of $77.94 and a 200-day moving average of $79.71. The company has a market cap of $6.382 billion and a price-to-earnings ratio of 21.89.
ManpowerGroup (NYSE:MAN) last released its earnings data on Wednesday, April 23rd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.18. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that ManpowerGroup will post $5.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.44%.
MAN has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of ManpowerGroup from $89.00 to $95.00 in a research note on Friday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of ManpowerGroup in a research note on Thursday, April 24th. They now have a $97.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of ManpowerGroup from $85.00 to $90.00 in a research note on Thursday, April 24th. They now have an “equal weight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $90.38.
ManpowerGroup Inc, formerly Manpower Inc provides workforce solutions and services. The Company provides a comprehensive suite of high-impact workforce solutions and services for the entire business cycle, which includes recruitment and assessment, training and development, career management, outsourcing and workforce consulting.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.