Edward J. Zore Sells 10,000 Shares of ManpowerGroup (MAN) Stock

ManpowerGroup (NYSE:MAN) Director Edward J. Zore sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $127.00, for a total value of $1,270,000.00. Following the completion of the sale, the director now owns 29,876 shares of the company’s stock, valued at approximately $3,794,252. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of ManpowerGroup (NYSE MAN) opened at $127.01 on Friday. The firm has a market capitalization of $8,420.00, a price-to-earnings ratio of 19.10 and a beta of 1.43. ManpowerGroup has a 12 month low of $84.98 and a 12 month high of $131.99. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.17.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 earnings per share. analysts predict that ManpowerGroup will post 6.9 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.93%. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Thursday, November 30th. ManpowerGroup’s dividend payout ratio is presently 27.72%.

A number of hedge funds have recently modified their holdings of the stock. Synovus Financial Corp grew its stake in ManpowerGroup by 0.3% in the second quarter. Synovus Financial Corp now owns 3,273 shares of the business services provider’s stock worth $360,000 after purchasing an additional 9 shares during the period. Global X Management Co. LLC grew its stake in shares of ManpowerGroup by 2.1% in the second quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock worth $319,000 after acquiring an additional 59 shares during the last quarter. Security National Bank of SO Dak grew its stake in shares of ManpowerGroup by 1.2% in the second quarter. Security National Bank of SO Dak now owns 8,165 shares of the business services provider’s stock worth $911,000 after acquiring an additional 100 shares during the last quarter. Utah Retirement Systems grew its stake in shares of ManpowerGroup by 0.8% in the second quarter. Utah Retirement Systems now owns 12,318 shares of the business services provider’s stock worth $1,375,000 after acquiring an additional 100 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after acquiring an additional 116 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on MAN shares. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, August 11th. BMO Capital Markets restated a “buy” rating and set a $124.00 target price on shares of ManpowerGroup in a report on Friday, September 1st. Zacks Investment Research downgraded ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Royal Bank Of Canada downgraded ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Finally, SunTrust Banks restated a “hold” rating and set a $107.00 target price on shares of ManpowerGroup in a report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. ManpowerGroup has an average rating of “Hold” and an average target price of $126.71.

COPYRIGHT VIOLATION WARNING: “Edward J. Zore Sells 10,000 Shares of ManpowerGroup (MAN) Stock” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.com-unik.info/2017/12/03/edward-j-zore-sells-10000-shares-of-manpowergroup-man-stock.html.

ManpowerGroup Company Profile

ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.

Insider Buying and Selling by Quarter for ManpowerGroup (NYSE:MAN)

What are top analysts saying about ManpowerGroup? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ManpowerGroup and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit