Burney Co. cut its holdings in ManpowerGroup Inc. (NYSE:MAN) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,642 shares of the business services provider’s stock after selling 1,287 shares during the period. Burney Co.’s holdings in ManpowerGroup were worth $1,128,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Tyers Asset Management LLC lifted its holdings in shares of ManpowerGroup by 145.6% during the 1st quarter. Tyers Asset Management LLC now owns 21,076 shares of the business services provider’s stock worth $1,743,000 after acquiring an additional 12,496 shares during the period. Banco Santander S.A. purchased a new position in shares of ManpowerGroup during the 1st quarter worth about $227,000. Northern Trust Corp lifted its holdings in shares of ManpowerGroup by 7.9% during the 1st quarter. Northern Trust Corp now owns 788,426 shares of the business services provider’s stock worth $65,196,000 after acquiring an additional 57,814 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of ManpowerGroup by 33.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 13,579 shares of the business services provider’s stock worth $1,122,000 after acquiring an additional 3,413 shares during the period. Finally, Teza Capital Management LLC purchased a new position in shares of ManpowerGroup during the 1st quarter worth about $506,000. Institutional investors and hedge funds own 91.08% of the company’s stock.
Shares of NYSE:MAN opened at $90.67 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.43 and a quick ratio of 1.43. ManpowerGroup Inc. has a 52-week low of $61.57 and a 52-week high of $97.26. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 3.78 and a beta of 1.55.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, April 18th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. ManpowerGroup had a net margin of 2.39% and a return on equity of 20.08%. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $5 billion. During the same quarter last year, the company earned $1.72 earnings per share. ManpowerGroup’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts anticipate that ManpowerGroup Inc. will post 7.84 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be given a $1.09 dividend. This is an increase from ManpowerGroup’s previous semiannual dividend of $1.01. The ex-dividend date of this dividend is Friday, May 31st. This represents a yield of 2.43%. ManpowerGroup’s dividend payout ratio (DPR) is 24.36%.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of ManpowerGroup from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Royal Bank of Canada began coverage on shares of ManpowerGroup in a research report on Tuesday, April 16th. They set an “outperform” rating and a $114.00 target price for the company. BMO Capital Markets increased their target price on shares of ManpowerGroup to $93.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. Finally, Credit Suisse Group downgraded shares of ManpowerGroup from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $102.00 to $88.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $94.64.
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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