Flinton Capital Management LLC trimmed its holdings in shares of ManpowerGroup (NYSE:MAN) by 31.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,016 shares of the business services provider’s stock after selling 16,632 shares during the period. Flinton Capital Management LLC owned about 0.06% of ManpowerGroup worth $4,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Schroder Investment Management Group bought a new position in ManpowerGroup during the 4th quarter worth about $113,000. Tower Research Capital LLC TRC lifted its position in shares of ManpowerGroup by 678.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock valued at $171,000 after buying an additional 1,180 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at about $202,000. Squar Milner Financial Services LLC purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at about $277,000. Finally, Pitcairn Co. purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at about $290,000. Institutional investors own 93.15% of the company’s stock.
In related news, COO Darryl Green sold 10,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $117.26, for a total value of $1,172,600.00. Following the completion of the transaction, the chief operating officer now directly owns 21,233 shares of the company’s stock, valued at approximately $2,489,781.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard Buchband sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $118.49, for a total transaction of $118,490.00. Following the completion of the transaction, the senior vice president now directly owns 8,457 shares of the company’s stock, valued at $1,002,069.93. The disclosure for this sale can be found here. Insiders sold a total of 50,420 shares of company stock valued at $5,995,079 over the last ninety days. 1.02% of the stock is currently owned by insiders.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Friday, April 20th. The business services provider reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.07. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.42 billion. ManpowerGroup had a net margin of 2.61% and a return on equity of 18.67%. ManpowerGroup’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. analysts expect that ManpowerGroup will post 9.22 EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a $1.01 dividend. This is a positive change from ManpowerGroup’s previous semiannual dividend of $0.93. This represents a dividend yield of 2.1%. The ex-dividend date is Thursday, May 31st. ManpowerGroup’s dividend payout ratio (DPR) is presently 26.42%.
Several analysts have commented on MAN shares. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Tuesday, April 24th. Robert W. Baird reissued a “buy” rating and set a $116.00 price target on shares of ManpowerGroup in a research report on Monday, April 23rd. Nomura reissued a “buy” rating and set a $134.00 price target on shares of ManpowerGroup in a research report on Sunday, April 22nd. ValuEngine raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Argus increased their price target on shares of ManpowerGroup from $120.23 to $138.00 and gave the company a “buy” rating in a research report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. ManpowerGroup has an average rating of “Hold” and a consensus target price of $119.91.
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.
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