IFM Investors Pty Ltd Has $450,000 Holdings in ManpowerGroup Inc. (NYSE:MAN)

IFM Investors Pty Ltd grew its holdings in ManpowerGroup Inc. (NYSE:MAN) by 44.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,345 shares of the business services provider’s stock after purchasing an additional 1,648 shares during the period. IFM Investors Pty Ltd’s holdings in ManpowerGroup were worth $450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of ManpowerGroup by 144.4% in the second quarter. Parallel Advisors LLC now owns 352 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 208 shares during the last quarter. CWM LLC increased its stake in shares of ManpowerGroup by 114.4% in the second quarter. CWM LLC now owns 373 shares of the business services provider’s stock valued at $36,000 after buying an additional 199 shares during the period. Quest Capital Management Inc. ADV acquired a new position in shares of ManpowerGroup in the third quarter valued at approximately $45,000. Destination Wealth Management acquired a new position in shares of ManpowerGroup in the second quarter valued at approximately $58,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of ManpowerGroup in the second quarter valued at approximately $95,000. Institutional investors own 94.78% of the company’s stock.

In related news, Director Handel Michael J. Van sold 9,000 shares of ManpowerGroup stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $92.09, for a total value of $828,810.00. Following the completion of the sale, the director now owns 8,283 shares of the company’s stock, valued at approximately $762,781.47. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Richard Buchband sold 1,750 shares of ManpowerGroup stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $85.43, for a total value of $149,502.50. Following the completion of the sale, the senior vice president now directly owns 8,214 shares of the company’s stock, valued at approximately $701,722.02. The disclosure for this sale can be found here. In the last three months, insiders sold 37,108 shares of company stock valued at $3,274,382. 1.49% of the stock is currently owned by insiders.

Several research firms have recently issued reports on MAN. BMO Capital Markets upped their price objective on ManpowerGroup from $86.00 to $88.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Credit Suisse Group decreased their target price on ManpowerGroup from $82.00 to $78.00 and set an “underperform” rating for the company in a research report on Friday, October 18th. They noted that the move was a valuation call. ValuEngine raised ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 24th. Bank of America decreased their target price on ManpowerGroup from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada set a $107.00 target price on ManpowerGroup and gave the company a “buy” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. ManpowerGroup presently has an average rating of “Hold” and an average price target of $94.14.

MAN traded down $0.74 during trading hours on Tuesday, hitting $93.04. The stock had a trading volume of 7,550 shares, compared to its average volume of 566,274. The company’s fifty day simple moving average is $87.30 and its 200 day simple moving average is $89.15. ManpowerGroup Inc. has a 1 year low of $61.57 and a 1 year high of $97.96. The stock has a market cap of $5.56 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 8.49 and a beta of 1.61. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.48.

ManpowerGroup announced that its Board of Directors has authorized a stock repurchase program on Friday, August 2nd that permits the company to repurchase 6,000,000 shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, November 29th. ManpowerGroup’s dividend payout ratio (DPR) is currently 24.36%.

ManpowerGroup Profile

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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