Keybank National Association OH reduced its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 15.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,697 shares of the business services provider’s stock after selling 1,715 shares during the period. Keybank National Association OH’s holdings in ManpowerGroup were worth $995,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. RBF Capital LLC acquired a new stake in ManpowerGroup during the third quarter valued at about $217,000. Gotham Asset Management LLC raised its stake in ManpowerGroup by 146.2% in the third quarter. Gotham Asset Management LLC now owns 241,562 shares of the business services provider’s stock valued at $17,455,000 after buying an additional 143,465 shares during the period. UBS Group AG raised its stake in ManpowerGroup by 60.4% in the third quarter. UBS Group AG now owns 180,704 shares of the business services provider’s stock valued at $13,059,000 after buying an additional 68,022 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in ManpowerGroup by 113.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 265,420 shares of the business services provider’s stock valued at $19,179,000 after buying an additional 141,270 shares during the period. Finally, Two Sigma Advisers LP raised its stake in ManpowerGroup by 359.2% in the third quarter. Two Sigma Advisers LP now owns 138,183 shares of the business services provider’s stock valued at $9,985,000 after buying an additional 108,090 shares during the period. 94.09% of the stock is currently owned by institutional investors.
ManpowerGroup Inc. (NYSE:MAN) traded up 0.44% during mid-day trading on Friday, reaching $101.99. 644,451 shares of the company were exchanged. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 15.88 and a beta of 1.57. The stock has a 50 day moving average of $101.57 and a 200-day moving average of $94.72. ManpowerGroup Inc. has a one year low of $57.26 and a one year high of $106.99.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, April 21st. The business services provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.11 by $0.02. ManpowerGroup had a net margin of 2.26% and a return on equity of 17.36%. The firm had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the prior year, the firm earned $0.98 EPS. ManpowerGroup’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts expect that ManpowerGroup Inc. will post $6.57 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a yield of 1.8%. This is an increase from ManpowerGroup’s previous semiannual dividend of $0.86. ManpowerGroup’s payout ratio is currently 27.22%.
COPYRIGHT VIOLATION NOTICE: “Keybank National Association OH Sells 1,715 Shares of ManpowerGroup Inc. (MAN)” was posted by Mideast Time and is owned by of Mideast Time. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.mideasttime.com/keybank-national-association-oh-sells-1715-shares-of-manpowergroup-inc-man/1708311.html.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Royal Bank of Canada reissued a “hold” rating and issued a $101.00 price target on shares of ManpowerGroup in a research report on Thursday, March 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $88.27.
In other ManpowerGroup news, SVP Richard Buchband sold 1,000 shares of ManpowerGroup stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $103.00, for a total transaction of $103,000.00. Following the transaction, the senior vice president now owns 5,134 shares of the company’s stock, valued at $528,802. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding MAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ManpowerGroup Inc. (NYSE:MAN).
Receive News & Ratings for ManpowerGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.