ManpowerGroup Inc. (MAN) Receives Consensus Recommendation of “Hold” from Analysts
ManpowerGroup Inc. (NYSE:MAN) has received a consensus rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $129.33.
Several equities analysts recently issued reports on MAN shares. BidaskClub lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. BMO Capital Markets reaffirmed a “buy” rating and set a $124.00 price target on shares of ManpowerGroup in a research report on Friday, September 1st. Zacks Investment Research downgraded ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Royal Bank of Canada downgraded ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 28th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $107.00 price target on shares of ManpowerGroup in a research report on Friday, October 20th.
ManpowerGroup (NYSE:MAN) opened at $122.60 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.29 and a quick ratio of 1.29. ManpowerGroup has a 12-month low of $88.39 and a 12-month high of $131.99. The stock has a market capitalization of $8,325.98, a P/E ratio of 18.61 and a beta of 1.44.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.93 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.72 dividend on an annualized basis and a yield of 3.03%. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. ManpowerGroup’s dividend payout ratio is 27.68%.
In other news, Director Patricia Hemingway Hall sold 3,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $127.54, for a total value of $382,620.00. Following the completion of the sale, the director now owns 4,021 shares of the company’s stock, valued at approximately $512,838.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Richard Buchband sold 2,059 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $126.48, for a total value of $260,422.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,015 shares of company stock valued at $3,762,970. Insiders own 0.87% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. AJO LP boosted its holdings in shares of ManpowerGroup by 30.9% in the 2nd quarter. AJO LP now owns 1,839,632 shares of the business services provider’s stock valued at $205,395,000 after buying an additional 434,069 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of ManpowerGroup by 736.2% in the 2nd quarter. American Century Companies Inc. now owns 348,282 shares of the business services provider’s stock valued at $38,886,000 after buying an additional 306,630 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of ManpowerGroup by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,286,080 shares of the business services provider’s stock valued at $701,840,000 after buying an additional 267,064 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in shares of ManpowerGroup by 794.1% in the 3rd quarter. State Treasurer State of Michigan now owns 247,030 shares of the business services provider’s stock valued at $29,105,000 after buying an additional 219,400 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of ManpowerGroup in the 2nd quarter valued at approximately $208,000. 94.66% of the stock is owned by institutional investors.
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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.
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