PNC Financial Services Group Inc. Sells 1,393 Shares of ManpowerGroup Inc. (NYSE:MAN)

PNC Financial Services Group Inc. cut its stake in ManpowerGroup Inc. (NYSE:MAN) by 47.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,573 shares of the business services provider’s stock after selling 1,393 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ManpowerGroup were worth $125,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Venturi Wealth Management LLC raised its holdings in ManpowerGroup by 54.8% in the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after purchasing an additional 160 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in ManpowerGroup by 145.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 644 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in ManpowerGroup by 52,475.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,103 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 2,099 shares in the last quarter. M&T Bank Corp purchased a new position in ManpowerGroup in the fourth quarter worth $206,000. Finally, Camelot Portfolios LLC acquired a new position in shares of ManpowerGroup during the fourth quarter worth $236,000. 98.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. BNP Paribas raised ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective for the company in a research report on Tuesday, June 11th. UBS Group cut their price objective on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. JPMorgan Chase & Co. lifted their target price on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. Finally, BMO Capital Markets upped their price target on shares of ManpowerGroup from $81.00 to $84.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and a consensus price target of $84.57.

ManpowerGroup Stock Up 0.7 %

MAN stock opened at $69.71 on Friday. The company has a market capitalization of $3.33 billion, a P/E ratio of 71.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.47. ManpowerGroup Inc. has a 12 month low of $67.35 and a 12 month high of $88.91. The firm’s fifty day simple moving average is $73.66 and its 200-day simple moving average is $74.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.17.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. As a group, equities research analysts forecast that ManpowerGroup Inc. will post 5 earnings per share for the current year.

ManpowerGroup Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were issued a $1.54 dividend. The ex-dividend date was Monday, June 3rd. This is an increase from ManpowerGroup’s previous semi-annual dividend of $1.47. This represents a yield of 3.8%. ManpowerGroup’s payout ratio is presently 317.53%.

ManpowerGroup Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. 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. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.