Cadence Capital Management LLC purchased a new stake in ManpowerGroup Inc. (NYSE:MAN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,744 shares of the business services provider’s stock, valued at approximately $323,000.
A number of other large investors also recently made changes to their positions in MAN. Acrospire Investment Management LLC lifted its holdings in ManpowerGroup by 27.6% in the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 200 shares during the period. IFP Advisors Inc lifted its holdings in 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. Harfst & Associates Inc. acquired a new position in ManpowerGroup in the second quarter valued at approximately $149,000. Aviance Capital Management LLC acquired a new position in ManpowerGroup in the second quarter valued at approximately $200,000. Finally, Gamco Investors INC. ET AL acquired a new position in ManpowerGroup in the second quarter valued at approximately $201,000. 94.44% of the stock is owned by institutional investors.
Shares of ManpowerGroup Inc. (MAN) traded down $1.01 during mid-day trading on Friday, hitting $126.11. The stock had a trading volume of 173,581 shares, compared to its average volume of 328,633. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. The firm has a market cap of $8,424.06, a P/E ratio of 18.77 and a beta of 1.44. ManpowerGroup Inc. has a twelve month low of $88.39 and a twelve month high of $131.99.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.95%. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date was Thursday, November 30th. ManpowerGroup’s payout ratio is presently 27.68%.
A number of research analysts have issued reports on MAN shares. Zacks Investment Research downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. BMO Capital Markets reaffirmed a “buy” rating and set a $124.00 target price on shares of ManpowerGroup in a research note on Friday, September 1st. ValuEngine downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Argus upped their target price on ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Nomura upped their target price on ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $126.71.
In related news, Director Cari M. Dominguez sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total transaction of $63,145.00. Following the completion of the sale, the director now directly owns 16,990 shares in the company, valued at $2,145,667.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mara E. Swan sold 6,731 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $123.19, for a total value of $829,191.89. Following the sale, the executive vice president now owns 31,416 shares of the company’s stock, valued at $3,870,137.04. The disclosure for this sale can be found here. Insiders have sold 30,015 shares of company stock valued at $3,762,970 over the last quarter. 0.87% of the stock is owned by company insiders.
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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.
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