ClariVest Asset Management LLC Reduces Holdings in ManpowerGroup Inc. (NYSE:MAN)

ClariVest Asset Management LLC reduced its holdings in shares of ManpowerGroup Inc. (NYSE:MANGet Rating) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 70,463 shares of the business services provider’s stock after selling 1,728 shares during the period. ClariVest Asset Management LLC owned approximately 0.13% of ManpowerGroup worth $6,858,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. MV Capital Management Inc. purchased a new position in ManpowerGroup during the 3rd quarter worth $29,000. Dark Forest Capital Management LP acquired a new stake in shares of ManpowerGroup in the 3rd quarter worth $48,000. Covestor Ltd acquired a new stake in shares of ManpowerGroup in the 4th quarter worth $67,000. Lazard Asset Management LLC lifted its stake in shares of ManpowerGroup by 28.7% in the 4th quarter. Lazard Asset Management LLC now owns 887 shares of the business services provider’s stock worth $86,000 after acquiring an additional 198 shares during the period. Finally, US Bancorp DE lifted its stake in shares of ManpowerGroup by 13.0% in the 3rd quarter. US Bancorp DE now owns 2,179 shares of the business services provider’s stock worth $235,000 after acquiring an additional 250 shares during the period. 95.26% of the stock is currently owned by institutional investors.

Several analysts recently commented on the stock. Robert W. Baird reduced their price objective on shares of ManpowerGroup from $144.00 to $120.00 in a research note on Wednesday, April 20th. Bank of America assumed coverage on shares of ManpowerGroup in a research note on Friday, March 11th. They issued an “underperform” rating for the company. BMO Capital Markets raised their price objective on shares of ManpowerGroup from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, April 20th. StockNews.com upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Credit Suisse Group dropped their target price on shares of ManpowerGroup from $115.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and a consensus price target of $119.17.

Shares of NYSE MAN traded up $0.90 during midday trading on Wednesday, reaching $89.44. 3,132 shares of the stock were exchanged, compared to its average volume of 439,875. The company has a market capitalization of $4.72 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.18 and a beta of 1.77. ManpowerGroup Inc. has a 52-week low of $84.32 and a 52-week high of $124.57. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $92.01 and a 200-day moving average price of $97.53.

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

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be issued a $1.36 dividend. This represents a yield of 3%. This is an increase from ManpowerGroup’s previous Semi-Annual dividend of $1.26. The ex-dividend date of this dividend is Tuesday, May 31st. ManpowerGroup’s payout ratio is presently 33.64%.

ManpowerGroup Profile (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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