ManpowerGroup (MAN) Director Sells $1,270,000.00 in Stock

ManpowerGroup (NYSE:MAN) Director Edward J. Zore sold 10,000 shares of ManpowerGroup stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $127.00, for a total transaction of $1,270,000.00. Following the sale, the director now owns 29,876 shares in the company, valued at approximately $3,794,252. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ManpowerGroup (NYSE MAN) traded down $1.89 during mid-day trading on Friday, reaching $127.01. 378,375 shares of the company’s stock traded hands, compared to its average volume of 560,590. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. ManpowerGroup has a 12-month low of $84.98 and a 12-month high of $131.99. The company has a market capitalization of $8,640.09, a price-to-earnings ratio of 19.32 and a beta of 1.44.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.08. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 earnings per share. equities research analysts predict that ManpowerGroup will post 6.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.93%. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, November 30th. ManpowerGroup’s dividend payout ratio is presently 27.68%.

A number of hedge funds and other institutional investors have recently bought and sold shares of MAN. Synovus Financial Corp increased its holdings in shares of ManpowerGroup by 0.3% in the 2nd quarter. Synovus Financial Corp now owns 3,273 shares of the business services provider’s stock valued at $360,000 after purchasing an additional 9 shares during the period. Global X Management Co. LLC boosted its position in ManpowerGroup by 2.1% during the second quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock worth $319,000 after purchasing an additional 59 shares during the period. Security National Bank of SO Dak boosted its position in ManpowerGroup by 1.2% during the second quarter. Security National Bank of SO Dak now owns 8,165 shares of the business services provider’s stock worth $911,000 after purchasing an additional 100 shares during the period. Utah Retirement Systems boosted its position in ManpowerGroup by 0.8% during the second quarter. Utah Retirement Systems now owns 12,318 shares of the business services provider’s stock worth $1,375,000 after purchasing an additional 100 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

A number of analysts recently issued reports on MAN shares. BMO Capital Markets restated a “buy” rating and issued a $124.00 price target on shares of ManpowerGroup in a research note on Friday, September 1st. BidaskClub lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Zacks Investment Research lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Credit Suisse Group reiterated a “neutral” rating and set a $126.00 target price (up previously from $111.00) on shares of ManpowerGroup in a research note on Monday, October 23rd. Finally, Nomura boosted their target price on shares of ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $126.71.

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ManpowerGroup Company Profile

ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.

Insider Buying and Selling by Quarter for ManpowerGroup (NYSE:MAN)

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