First Mercantile Trust Co. Invests $123,000 in ManpowerGroup Inc. (MAN)

First Mercantile Trust Co. purchased a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) during the 1st quarter, HoldingsChannel reports. The firm purchased 1,490 shares of the business services provider’s stock, valued at approximately $123,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthstreet Investment Advisors LLC purchased a new stake in ManpowerGroup in the first quarter worth approximately $203,000. Smith Salley & Associates purchased a new stake in ManpowerGroup in the first quarter worth approximately $370,000. Victory Capital Management Inc. boosted its stake in ManpowerGroup by 4,521.4% in the first quarter. Victory Capital Management Inc. now owns 1,403,200 shares of the business services provider’s stock worth $116,031,000 after buying an additional 1,372,837 shares in the last quarter. Stevens Capital Management LP boosted its stake in ManpowerGroup by 93.7% in the first quarter. Stevens Capital Management LP now owns 25,096 shares of the business services provider’s stock worth $2,075,000 after buying an additional 12,139 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in ManpowerGroup by 1.3% in the first quarter. Texas Permanent School Fund now owns 40,999 shares of the business services provider’s stock worth $3,390,000 after buying an additional 537 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

NYSE:MAN opened at $92.79 on Wednesday. The company has a market cap of $5.50 billion, a PE ratio of 10.37, a P/E/G ratio of 3.80 and a beta of 1.55. ManpowerGroup Inc. has a fifty-two week low of $61.57 and a fifty-two week high of $97.26. The company has a quick ratio of 1.44, a current ratio of 1.43 and a debt-to-equity ratio of 0.38.



ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, April 18th. The business services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $5 billion. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 earnings per share. Sell-side analysts anticipate that ManpowerGroup Inc. will post 7.77 earnings per share for the current 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. This represents a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from ManpowerGroup’s previous semiannual dividend of $1.01. ManpowerGroup’s dividend payout ratio is 22.57%.

MAN has been the subject of several research reports. Zacks Investment Research lowered ManpowerGroup from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. ValuEngine raised ManpowerGroup from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 31st. BMO Capital Markets lowered ManpowerGroup from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $83.00 to $81.00 in a research note on Friday, February 1st. TheStreet raised 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 ManpowerGroup in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $114.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. ManpowerGroup has an average rating of “Hold” and an average price target of $97.09.

In related news, Director Ulice Payne, Jr. sold 1,750 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $85.40, for a total transaction of $149,450.00. Following the completion of the transaction, the director now owns 8,036 shares in the company, valued at $686,274.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Sriram Chandrashekar sold 14,706 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $84.90, for a total value of $1,248,539.40. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

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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 offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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