State of Alaska Department of Revenue decreased its stake in shares of ManpowerGroup Inc. (NYSE:MAN – Get Rating) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,178 shares of the business services provider’s stock after selling 400 shares during the period. State of Alaska Department of Revenue’s holdings in ManpowerGroup were worth $464,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of ManpowerGroup by 67.2% in the first quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider’s stock worth $172,812,000 after acquiring an additional 739,380 shares in the last quarter. AQR Capital Management LLC grew its holdings in ManpowerGroup by 60.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,349,219 shares of the business services provider’s stock valued at $100,233,000 after purchasing an additional 509,571 shares in the last quarter. Millennium Management LLC grew its holdings in ManpowerGroup by 816.4% during the 2nd quarter. Millennium Management LLC now owns 293,212 shares of the business services provider’s stock valued at $22,404,000 after purchasing an additional 261,217 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in ManpowerGroup by 22.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 879,204 shares of the business services provider’s stock valued at $67,180,000 after purchasing an additional 163,277 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in ManpowerGroup by 62.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 322,086 shares of the business services provider’s stock valued at $24,611,000 after purchasing an additional 124,324 shares in the last quarter. Institutional investors and hedge funds own 97.27% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on MAN. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a report on Monday, November 21st. Robert W. Baird raised their price target on shares of ManpowerGroup from $88.00 to $94.00 in a report on Friday, October 21st. Credit Suisse Group lowered their price target on shares of ManpowerGroup to $75.00 in a report on Thursday, October 27th. Jefferies Financial Group reiterated a “hold” rating and set a $72.00 price objective on shares of ManpowerGroup in a research note on Tuesday, October 25th. Finally, BNP Paribas initiated coverage on shares of ManpowerGroup in a research note on Thursday, January 5th. They set an “outperform” rating and a $95.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.11.
ManpowerGroup Trading Up 0.7 %
ManpowerGroup (NYSE:MAN – Get Rating) last posted its quarterly earnings results on Thursday, October 20th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.03. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.90 billion. ManpowerGroup had a net margin of 2.14% and a return on equity of 18.63%. On average, equities analysts expect that ManpowerGroup Inc. will post 8.56 earnings per share for the current year.
ManpowerGroup Announces Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a yield of 3.2%. ManpowerGroup’s dividend payout ratio is presently 33.50%.
ManpowerGroup Company Profile
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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