Municipal Employees Retirement System of Michigan Trimmeds Holding in ManpowerGroup Inc. (MAN)

Municipal Employees Retirement System of Michigan Trimmeds Holding in ManpowerGroup Inc. (MAN)

Municipal Employees Retirement System of Michigan lowered its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 31,080 shares of the business services provider’s stock after selling 240 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in ManpowerGroup were worth $3,188,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MAN. Twin Capital Management Inc. increased its stake in shares of ManpowerGroup by 4.7% in the fourth quarter. Twin Capital Management Inc. now owns 35,500 shares of the business services provider’s stock worth $3,155,000 after buying an additional 1,600 shares during the period. BP PLC purchased a new stake in ManpowerGroup during the fourth quarter worth $3,466,000. Piedmont Investment Advisors LLC purchased a new stake in ManpowerGroup during the third quarter worth $585,000. Scout Investments Inc. increased its stake in ManpowerGroup by 119.9% in the third quarter. Scout Investments Inc. now owns 228,096 shares of the business services provider’s stock worth $16,482,000 after buying an additional 124,356 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in ManpowerGroup during the third quarter worth $384,000. Hedge funds and other institutional investors own 94.09% of the company’s stock.

Shares of ManpowerGroup Inc. (MAN) traded up 0.16% during mid-day trading on Friday, reaching $104.38. The company’s stock had a trading volume of 527,014 shares. The company has a market cap of $7.00 billion, a PE ratio of 16.26 and a beta of 1.57. The company has a 50-day moving average price of $102.42 and a 200 day moving average price of $96.40. ManpowerGroup Inc. has a 52-week low of $57.26 and a 52-week high of $106.99.

ManpowerGroup (NYSE:MAN) last released 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. The firm had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.69 billion. ManpowerGroup had a net margin of 2.26% and a return on equity of 17.36%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Equities analysts expect that ManpowerGroup Inc. will post $6.57 earnings per share for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.93 dividend. This represents a dividend yield of 1.8%. This is a positive change from ManpowerGroup’s previous semiannual dividend of $0.86. The ex-dividend date is Tuesday, May 30th. ManpowerGroup’s dividend payout ratio (DPR) is presently 27.22%.

MAN has been the subject of a number of recent research reports. Zacks Investment Research downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Royal Bank of Canada restated a “hold” rating and issued a $101.00 target price on shares of ManpowerGroup in a research report on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. ManpowerGroup presently has an average rating of “Hold” and a consensus price target of $88.27.

In other news, SVP Richard Buchband sold 1,000 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 5,134 shares of the company’s stock, valued at approximately $528,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

About ManpowerGroup

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MAN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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