Achmea Investment Management B.V. trimmed its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 75.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,426 shares of the business services provider’s stock after selling 16,537 shares during the period. Achmea Investment Management B.V.’s holdings in ManpowerGroup were worth $465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc increased its stake in shares of ManpowerGroup by 148.6% during the 3rd quarter. IFP Advisors Inc now owns 1,310 shares of the business services provider’s stock worth $113,000 after purchasing an additional 783 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in ManpowerGroup by 213.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,643 shares of the business services provider’s stock worth $141,000 after acquiring an additional 1,118 shares during the period. Atria Investments LLC purchased a new stake in ManpowerGroup in the 3rd quarter worth approximately $214,000. Verity Asset Management Inc. purchased a new stake in ManpowerGroup in the 2nd quarter worth approximately $243,000. Finally, IFM Investors Pty Ltd grew its stake in ManpowerGroup by 43.7% in the 2nd quarter. IFM Investors Pty Ltd now owns 2,982 shares of the business services provider’s stock worth $257,000 after acquiring an additional 907 shares during the period. 94.89% of the stock is owned by institutional investors and hedge funds.

In related news, Director John R. Walter sold 7,403 shares of ManpowerGroup stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $77.74, for a total transaction of $575,509.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Downe bought 4,000 shares of ManpowerGroup stock in a transaction that occurred on Wednesday, November 28th. The shares were acquired at an average price of $81.21 per share, for a total transaction of $324,840.00. Following the acquisition, the director now directly owns 4,000 shares in the company, valued at approximately $324,840. The disclosure for this purchase can be found here. Insiders own 1.02% of the company’s stock.

Shares of NYSE:MAN traded down $1.38 during midday trading on Friday, hitting $73.16. 716,488 shares of the company’s stock traded hands, compared to its average volume of 610,848. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.01 and a beta of 1.22. ManpowerGroup Inc. has a twelve month low of $71.79 and a twelve month high of $136.93.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Friday, October 19th. The business services provider reported $2.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.02. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.64 billion. ManpowerGroup had a net margin of 2.76% and a return on equity of 20.02%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.04 EPS. On average, analysts predict that ManpowerGroup Inc. will post 8.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Monday, December 3rd will be issued a dividend of $1.01 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Friday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 5.52%. ManpowerGroup’s payout ratio is presently 28.69%.

Several analysts have commented on MAN shares. Credit Suisse Group started coverage on shares of ManpowerGroup in a research note on Friday, August 10th. They issued an “outperform” rating and a $115.00 target price for the company. Zacks Investment Research raised shares of ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Barclays lowered their target price on shares of ManpowerGroup from $90.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, October 2nd. Macquarie cut shares of ManpowerGroup from an “outperform” rating to a “neutral” rating and set a $91.00 target price for the company. in a research note on Tuesday, October 9th. Finally, JPMorgan Chase & Co. cut shares of ManpowerGroup from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $120.00 to $82.00 in a research note on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $99.85.

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ManpowerGroup Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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