Citigroup Inc. lessened its holdings in shares of ManpowerGroup Inc. (NYSE:MAN – Get Rating) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,326 shares of the business services provider’s stock after selling 1,951 shares during the quarter. Citigroup Inc. owned approximately 0.07% of ManpowerGroup worth $3,023,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Ellevest Inc. acquired a new position in shares of ManpowerGroup in the third quarter valued at approximately $25,000. Signaturefd LLC boosted its stake in shares of ManpowerGroup by 73.1% in the third quarter. Signaturefd LLC now owns 502 shares of the business services provider’s stock valued at $32,000 after buying an additional 212 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of ManpowerGroup in the fourth quarter valued at approximately $46,000. EverSource Wealth Advisors LLC boosted its stake in shares of ManpowerGroup by 28.0% in the third quarter. EverSource Wealth Advisors LLC now owns 773 shares of the business services provider’s stock valued at $50,000 after buying an additional 169 shares during the period. Finally, Ronald Blue Trust Inc. boosted its stake in shares of ManpowerGroup by 129.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 884 shares of the business services provider’s stock valued at $57,000 after buying an additional 498 shares during the period. Institutional investors and hedge funds own 97.27% of the company’s stock.
Insider Buying and Selling at ManpowerGroup
In other ManpowerGroup news, SVP Donald O. Mondano sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $85.50, for a total transaction of $213,750.00. Following the completion of the sale, the senior vice president now directly owns 5,440 shares in the company, valued at $465,120. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.40% of the company’s stock.
Analysts Set New Price Targets
ManpowerGroup Stock Up 1.5 %
Shares of NYSE:MAN opened at $74.06 on Tuesday. ManpowerGroup Inc. has a 52-week low of $64.00 and a 52-week high of $92.77. The firm has a fifty day moving average of $76.50 and a 200 day moving average of $82.53. The firm has a market capitalization of $3.73 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 6.63 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.24.
ManpowerGroup Increases Dividend
The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a dividend of $1.47 per share. This represents a yield of 3.9%. This is a positive change from ManpowerGroup’s previous Semi-Annual dividend of $1.36. The ex-dividend date is Wednesday, May 31st. ManpowerGroup’s dividend payout ratio is presently 42.73%.
ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices.
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