B. Riley Wealth Management Inc. bought a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,427 shares of the business services provider’s stock, valued at approximately $295,000.
Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC grew its stake in ManpowerGroup by 76.5% in the third quarter. AQR Capital Management LLC now owns 2,324,420 shares of the business services provider’s stock worth $199,807,000 after purchasing an additional 1,007,534 shares in the last quarter. LSV Asset Management grew its stake in ManpowerGroup by 6.0% in the third quarter. LSV Asset Management now owns 1,732,596 shares of the business services provider’s stock worth $148,933,000 after purchasing an additional 98,376 shares in the last quarter. Fiduciary Management Inc. WI grew its stake in ManpowerGroup by 12.7% in the third quarter. Fiduciary Management Inc. WI now owns 889,658 shares of the business services provider’s stock worth $76,475,000 after purchasing an additional 100,005 shares in the last quarter. Millennium Management LLC lifted its holdings in ManpowerGroup by 60.2% in the second quarter. Millennium Management LLC now owns 721,615 shares of the business services provider’s stock worth $62,102,000 after acquiring an additional 271,058 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new position in ManpowerGroup in the third quarter worth about $56,887,000. Institutional investors own 94.01% of the company’s stock.
Shares of MAN traded up $0.34 during mid-day trading on Friday, reaching $70.99. 423,309 shares of the company’s stock traded hands, compared to its average volume of 556,075. The stock has a market cap of $4.39 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.00 and a beta of 1.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. ManpowerGroup Inc. has a 12 month low of $61.57 and a 12 month high of $136.93.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, October 19th. The business services provider reported $2.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.02. The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.64 billion. ManpowerGroup had a return on equity of 20.02% and a net margin of 2.76%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 earnings per share. As a group, analysts forecast that ManpowerGroup Inc. will post 8.7 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Monday, December 3rd were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend was Friday, November 30th. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.93. ManpowerGroup’s payout ratio is 28.69%.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of ManpowerGroup from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Barclays cut their target price on shares of ManpowerGroup from $90.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, October 2nd. Macquarie cut shares of ManpowerGroup from an “outperform” rating to a “neutral” rating and set a $91.00 target price on the stock. in a report on Tuesday, October 9th. ValuEngine raised shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Robert W. Baird cut their target price on shares of ManpowerGroup from $101.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating, six 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 target price of $99.00.
In related news, Director William Downe acquired 4,000 shares of the 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 completion of the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at $324,840. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John R. Walter sold 7,403 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $77.74, for a total transaction of $575,509.22. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.
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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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