Principal Financial Group Inc. Purchases 2,575 Shares of ManpowerGroup Inc. (NYSE:MAN)

Principal Financial Group Inc. boosted its position in shares of ManpowerGroup Inc. (NYSE:MANGet Rating) by 1.3% during the second quarter, Holdings Channel.com reports. The fund owned 207,659 shares of the business services provider’s stock after acquiring an additional 2,575 shares during the quarter. Principal Financial Group Inc.’s holdings in ManpowerGroup were worth $15,868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MAN. Mitsubishi UFJ Trust & Banking Corp boosted its stake in ManpowerGroup by 88.4% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,435 shares of the business services provider’s stock worth $3,548,000 after buying an additional 21,789 shares during the period. Lazard Asset Management LLC raised its holdings in shares of ManpowerGroup by 411.1% in the second quarter. Lazard Asset Management LLC now owns 4,508 shares of the business services provider’s stock valued at $344,000 after acquiring an additional 3,626 shares in the last quarter. Duality Advisers LP raised its holdings in shares of ManpowerGroup by 221.5% in the second quarter. Duality Advisers LP now owns 52,884 shares of the business services provider’s stock valued at $4,041,000 after acquiring an additional 36,437 shares in the last quarter. Trillium Asset Management LLC raised its holdings in shares of ManpowerGroup by 1.0% in the second quarter. Trillium Asset Management LLC now owns 32,909 shares of the business services provider’s stock valued at $2,515,000 after acquiring an additional 321 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of ManpowerGroup by 1.8% in the second quarter. Baird Financial Group Inc. now owns 10,010 shares of the business services provider’s stock valued at $765,000 after acquiring an additional 174 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

MAN has been the subject of several recent research reports. Credit Suisse Group decreased their price objective on ManpowerGroup to $75.00 in a report on Thursday, October 27th. TheStreet upgraded shares of ManpowerGroup from a “c+” rating to a “b-” rating in a report on Monday. StockNews.com assumed coverage on shares of ManpowerGroup in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $72.00 target price on shares of ManpowerGroup in a report on Tuesday, October 25th. Finally, Robert W. Baird boosted their target price on shares of ManpowerGroup from $88.00 to $94.00 in a report on Friday, October 21st. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $79.00.

ManpowerGroup Stock Performance

MAN opened at $88.22 on Thursday. ManpowerGroup Inc. has a 52-week low of $64.00 and a 52-week high of $115.54. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.37. The company has a market cap of $4.46 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 1.10 and a beta of 1.70. The firm’s 50-day moving average price is $74.73 and its 200-day moving average price is $78.30.

ManpowerGroup Dividend Announcement

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $1.36 dividend. The ex-dividend date is Wednesday, November 30th. This represents a yield of 3.2%. ManpowerGroup’s dividend payout ratio is currently 33.50%.

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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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