Aperio Group LLC Sells 2,485 Shares of ManpowerGroup Inc. (NYSE:MAN)

Aperio Group LLC lessened its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 75,079 shares of the business services provider’s stock after selling 2,485 shares during the period. Aperio Group LLC’s holdings in ManpowerGroup were worth $5,506,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MAN. Morgan Stanley raised its stake in shares of ManpowerGroup by 35.8% during the first quarter. Morgan Stanley now owns 140,248 shares of the business services provider’s stock valued at $7,433,000 after acquiring an additional 36,982 shares in the last quarter. SG Americas Securities LLC increased its holdings in ManpowerGroup by 10.9% during the second quarter. SG Americas Securities LLC now owns 5,798 shares of the business services provider’s stock valued at $399,000 after buying an additional 569 shares during the period. First Trust Advisors LP increased its holdings in ManpowerGroup by 20.4% during the second quarter. First Trust Advisors LP now owns 416,448 shares of the business services provider’s stock valued at $28,631,000 after buying an additional 70,507 shares during the period. Stone Ridge Asset Management LLC increased its holdings in ManpowerGroup by 5.8% during the second quarter. Stone Ridge Asset Management LLC now owns 9,149 shares of the business services provider’s stock valued at $629,000 after buying an additional 500 shares during the period. Finally, Strs Ohio increased its holdings in ManpowerGroup by 155.9% during the second quarter. Strs Ohio now owns 19,029 shares of the business services provider’s stock valued at $1,308,000 after buying an additional 11,594 shares during the period. 93.32% of the stock is owned by hedge funds and other institutional investors.

NYSE MAN opened at $86.61 on Friday. The firm’s fifty day simple moving average is $75.93 and its two-hundred day simple moving average is $72.41. The company has a current ratio of 1.48, a quick ratio of 1.50 and a debt-to-equity ratio of 0.41. ManpowerGroup Inc. has a 12-month low of $49.57 and a 12-month high of $100.99. The firm has a market capitalization of $4.98 billion, a P/E ratio of 60.15, a P/E/G ratio of 15.15 and a beta of 2.00.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Tuesday, October 20th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.57. ManpowerGroup had a net margin of 0.47% and a return on equity of 9.72%. The business had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the company earned $1.93 earnings per share. The business’s revenue for the quarter was down 12.7% on a year-over-year basis. As a group, sell-side analysts predict that ManpowerGroup Inc. will post 3.24 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $1.17 per share. This is an increase from ManpowerGroup’s previous Semi-Annual dividend of $1.09. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, November 30th. ManpowerGroup’s payout ratio is presently 29.26%.

Several brokerages recently issued reports on MAN. Truist raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and lifted their price objective for the company from $64.00 to $90.00 in a report on Monday, September 21st. JPMorgan Chase & Co. raised shares of ManpowerGroup from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $76.00 to $88.00 in a report on Wednesday, October 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $78.25.

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.

Featured Article: What is a Buy-Side Analyst?

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)

Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.