ManpowerGroup Inc. (NYSE:MAN) Shares Acquired by Bowling Portfolio Management LLC

Bowling Portfolio Management LLC lifted its holdings in shares of ManpowerGroup Inc. (NYSE:MANGet Rating) by 15.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,324 shares of the business services provider’s stock after acquiring an additional 2,127 shares during the period. Bowling Portfolio Management LLC’s holdings in ManpowerGroup were worth $1,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new position in ManpowerGroup during the third quarter worth approximately $48,000. Quent Capital LLC acquired a new position in ManpowerGroup during the fourth quarter worth approximately $50,000. Covestor Ltd acquired a new position in ManpowerGroup during the fourth quarter worth approximately $67,000. Lazard Asset Management LLC increased its position in ManpowerGroup by 28.7% during the fourth quarter. Lazard Asset Management LLC now owns 887 shares of the business services provider’s stock worth $86,000 after buying an additional 198 shares during the period. Finally, Commerce Bank increased its position in ManpowerGroup by 9.7% during the fourth quarter. Commerce Bank now owns 3,573 shares of the business services provider’s stock worth $347,000 after buying an additional 316 shares during the period. 95.26% of the stock is currently owned by institutional investors.

Several research firms have commented on MAN. Bank of America began coverage on ManpowerGroup in a research report on Friday, March 11th. They set an “underperform” rating on the stock. BMO Capital Markets downgraded ManpowerGroup from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $120.00 to $84.00 in a research note on Thursday, May 26th. Robert W. Baird lowered their target price on ManpowerGroup from $144.00 to $120.00 in a research note on Wednesday, April 20th. StockNews.com downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Friday, June 17th. Finally, Credit Suisse Group lowered their target price on ManpowerGroup from $115.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and an average target price of $113.80.

In related news, Director Ulice Payne, Jr. sold 600 shares of ManpowerGroup stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $86.69, for a total transaction of $52,014.00. Following the completion of the transaction, the director now directly owns 8,532 shares of the company’s stock, valued at $739,639.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by insiders.

ManpowerGroup stock opened at $78.59 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.12 and a quick ratio of 1.12. ManpowerGroup Inc. has a 1-year low of $74.13 and a 1-year high of $123.84. The company has a market cap of $4.14 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 1.01 and a beta of 1.77. The stock’s 50 day moving average price is $88.06 and its 200 day moving average price is $95.46.

ManpowerGroup (NYSE:MANGet Rating) last posted its quarterly earnings results on Tuesday, April 19th. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.32. ManpowerGroup had a return on equity of 17.72% and a net margin of 1.97%. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that ManpowerGroup Inc. will post 9.08 EPS for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a $1.36 dividend. The ex-dividend date was Tuesday, May 31st. This is an increase from ManpowerGroup’s previous Semi-Annual dividend of $1.26. This represents a dividend yield of 3%. ManpowerGroup’s payout ratio is 36.32%.

About ManpowerGroup (Get Rating)

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

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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