ManpowerGroup Inc. (NYSE:MAN) to Issue Semi-Annual Dividend of $1.09

ManpowerGroup Inc. (NYSE:MAN) declared a Semi-Annual dividend on Thursday, November 7th, Zacks reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 1.09 per share by the business services provider on Friday, December 13th. The ex-dividend date is Friday, November 29th.

MAN stock opened at $94.85 on Wednesday. The stock has a market capitalization of $5.47 billion, a P/E ratio of 10.60, a P/E/G ratio of 8.35 and a beta of 1.61. The firm has a 50-day simple moving average of $90.25 and a 200-day simple moving average of $88.99. 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 has a 52 week low of $61.57 and a 52 week high of $97.96.

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ManpowerGroup announced that its Board of Directors has initiated a stock repurchase plan on Friday, August 2nd that allows the company to buyback 6,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

In related news, EVP Sriram Chandrashekar sold 6,789 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $89.30, for a total value of $606,257.70. Following the sale, the executive vice president now directly owns 3,232 shares of the company’s stock, valued at $288,617.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Richard Buchband sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $92.50, for a total transaction of $231,250.00. Following the completion of the sale, the senior vice president now directly owns 5,714 shares in the company, valued at $528,545. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,962 shares of company stock worth $1,912,833. 1.49% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on the stock. Credit Suisse Group dropped their price target on shares of ManpowerGroup from $82.00 to $78.00 and set an “underperform” rating for the company in a research note on Friday, October 18th. They noted that the move was a valuation call. ValuEngine upgraded shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a report on Thursday, October 24th. Argus lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. SunTrust Banks downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Monday. Finally, BMO Capital Markets increased their price objective on shares of ManpowerGroup from $86.00 to $88.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $94.67.

ManpowerGroup Company 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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