Wealthstreet Investment Advisors LLC Acquires Shares of 2,450 ManpowerGroup Inc. (MAN)

Wealthstreet Investment Advisors LLC purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the first quarter, HoldingsChannel reports. The fund purchased 2,450 shares of the business services provider’s stock, valued at approximately $203,000.

Other large investors have also recently added to or reduced their stakes in the company. Fort L.P. boosted its holdings in ManpowerGroup by 926.4% in the 4th quarter. Fort L.P. now owns 544 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 491 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of ManpowerGroup during the 4th quarter valued at approximately $84,000. Daiwa Securities Group Inc. lifted its position in shares of ManpowerGroup by 8.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 180 shares during the period. BancorpSouth Bank acquired a new stake in shares of ManpowerGroup during the 1st quarter valued at approximately $247,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in shares of ManpowerGroup during the 1st quarter valued at approximately $248,000. Institutional investors own 91.65% of the company’s stock.

In other news, EVP Sriram Chandrashekar sold 14,706 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $84.90, for a total transaction of $1,248,539.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ulice Payne, Jr. sold 1,750 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $85.40, for a total transaction of $149,450.00. Following the sale, the director now directly owns 8,036 shares of the company’s stock, valued at $686,274.40. The disclosure for this sale can be found here. 1.49% of the stock is owned by insiders.



MAN has been the subject of a number of research reports. ValuEngine upgraded shares of ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Zacks Investment Research downgraded ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. BMO Capital Markets cut shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $83.00 to $81.00 in a research note on Friday, February 1st. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a research note on Wednesday, February 20th. Finally, Royal Bank of Canada began coverage on shares of ManpowerGroup in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $114.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $97.09.

MAN stock traded up $0.85 during midday trading on Tuesday, hitting $90.50. The stock had a trading volume of 2,904 shares, compared to its average volume of 587,182. The stock has a market capitalization of $5.54 billion, a P/E ratio of 10.11, a PEG ratio of 3.80 and a beta of 1.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.44 and a current ratio of 1.43. ManpowerGroup Inc. has a 12-month low of $61.57 and a 12-month high of $97.26.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, April 18th. The business services provider reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5 billion. ManpowerGroup had a net margin of 2.39% and a return on equity of 20.08%. ManpowerGroup’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.72 EPS. Research analysts forecast that ManpowerGroup Inc. will post 7.77 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from ManpowerGroup’s previous semiannual dividend of $1.01. This represents a dividend yield of 2.43%. ManpowerGroup’s payout ratio is currently 22.57%.

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About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

Further Reading: What is the price-sales ratio?

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).

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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