BNP Paribas Financial Markets Boosts Stake in ManpowerGroup Inc. (NYSE:MAN)

BNP Paribas Financial Markets lifted its holdings in ManpowerGroup Inc. (NYSE:MANFree Report) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,066 shares of the business services provider’s stock after purchasing an additional 1,784 shares during the period. BNP Paribas Financial Markets’ holdings in ManpowerGroup were worth $800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in MAN. Venturi Wealth Management LLC raised its stake in ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after purchasing an additional 160 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of ManpowerGroup by 145.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 644 shares during the last quarter. Covestor Ltd raised its position in shares of ManpowerGroup by 8.0% during the 3rd quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock worth $189,000 after acquiring an additional 190 shares in the last quarter. M&T Bank Corp purchased a new stake in ManpowerGroup during the fourth quarter worth approximately $206,000. Finally, Camelot Portfolios LLC acquired a new position in ManpowerGroup in the fourth quarter valued at approximately $236,000. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Trading Up 1.2 %

Shares of MAN stock opened at $73.19 on Friday. The company has a market capitalization of $3.49 billion, a P/E ratio of 75.45, a price-to-earnings-growth ratio of 1.56 and a beta of 1.50. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $75.06 and its two-hundred day moving average is $75.21. ManpowerGroup Inc. has a twelve month low of $67.35 and a twelve month high of $88.91.

ManpowerGroup (NYSE:MANGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the company posted $1.61 EPS. ManpowerGroup’s revenue was down 7.3% compared to the same quarter last year. Equities analysts forecast that ManpowerGroup Inc. will post 5 EPS for the current year.

ManpowerGroup Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be issued a $1.54 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 3rd. This is a positive change from ManpowerGroup’s previous semi-annual dividend of $1.47. ManpowerGroup’s payout ratio is currently 303.10%.

Analysts Set New Price Targets

A number of research firms have weighed in on MAN. BMO Capital Markets raised their price objective on shares of ManpowerGroup from $81.00 to $84.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. lifted their target price on ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. Finally, UBS Group cut their price target on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $83.00.

Get Our Latest Research Report on MAN

ManpowerGroup Profile

(Free Report)

ManpowerGroup Inc provides workforce solutions and services worldwide. 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. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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