Hancock Holding Co. raised its position in ManpowerGroup Inc. (NYSE:MAN) by 221.3% during the first quarter, Holdings Channel reports. The fund owned 135,179 shares of the business services provider’s stock after buying an additional 93,108 shares during the period. Hancock Holding Co. owned about 0.20% of ManpowerGroup worth $13,866,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of ManpowerGroup by 31.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,255 shares of the business services provider’s stock worth $129,000 after buying an additional 300 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of ManpowerGroup during the fourth quarter worth approximately $135,000. Zacks Investment Management purchased a new stake in shares of ManpowerGroup during the third quarter worth approximately $201,000. Parametrica Management Ltd purchased a new stake in shares of ManpowerGroup during the first quarter worth approximately $201,000. Finally, Curbstone Financial Management Corp purchased a new stake in shares of ManpowerGroup during the first quarter worth approximately $205,000. Institutional investors and hedge funds own 94.09% of the company’s stock.
Shares of ManpowerGroup Inc. (NYSE:MAN) traded up 0.44% on Friday, reaching $101.99. The company’s stock had a trading volume of 644,451 shares. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 15.88 and a beta of 1.57. ManpowerGroup Inc. has a 1-year low of $57.26 and a 1-year high of $106.99. The stock has a 50-day moving average price of $101.57 and a 200-day moving average price of $94.72.
ManpowerGroup (NYSE:MAN) last announced its 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 company had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that ManpowerGroup Inc. will post $6.57 EPS for the current year.
The business also recently announced a semiannual dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.93 dividend. This is an increase from ManpowerGroup’s previous semiannual dividend of $0.86. This represents a dividend yield of 1.8%. The ex-dividend date is Tuesday, May 30th. ManpowerGroup’s dividend payout ratio (DPR) is 27.22%.
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A number of equities research analysts recently commented on the company. Royal Bank of Canada set a $88.00 target price on ManpowerGroup and gave the company a “hold” rating in a research report on Saturday, January 21st. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average 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 stock was sold at an average price of $103.00, for a total value of $103,000.00. Following the transaction, the senior vice president now directly owns 5,134 shares in the company, valued at approximately $528,802. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.
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.
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