Envestnet Asset Management Inc. has made significant changes to its holdings with regards to ManpowerGroup Inc. (NYSE: MAN), a highly influential business service provider. The American multi-national company has reportedly reduced its shares in Manpower Group by an unprecedented 71.6% during the fourth quarter of this year.
Having sold over 29,050 shares, Envestnet Asset Management now only holds 11,496 shares in the company, with an approximate value of $957,000 at the end of the latest quarter.
ManpowerGroup is a global leader in the provision of workforce solutions and services, boasting an unparalleled expertise in aspects ranging from contingent and permanent staffing to outsourcing and consulting services. The firm’s operations are carried out through several well-defined segments such as Americas, Southern Europe, Northern Europe, Asia Pacific Middle East amongst others.
With Manpower Group operating at a steady pace in different parts of the world, it would seem that Envestnet’s decision might not be based on negative factors purely. However, additional information concerning regulatory compliance might throw light on what could be perceived as a seemingly contrary move.
One variable within their recent activities has been the announcement that they will be paying a Semi-Annual dividend which is scheduled to take place on Thursday 15th June. As listed by Envestnet Asset Management Inc., shareholders who are entitled to participate will receive dividends worth $1.47 per share; thus representing an increase from their previous Semi-Annual dividend payout which sat at $1.36 last time around whilst their payout ratio currently stands at 39.53%.
The ex-dividend date for this particular entitlement falls upon Wednesday May 31st, providing interested investors with a specific timeline within which they can manoeuvre themselves accordingly and make any pertinent decisions that bode well for efficient planning and resultant success or gains where possible.
Overall Envestnet Asset Management remains resolute in its approach towards reviewing statutory requirements, promoting accountability, transparency & ensuring that all their products and services are compliant with current regulations.
Investor Interest in ManpowerGroup Inc. Grows, Despite Moderate Stock Performance
ManpowerGroup Inc., a leading business services provider, has been attracting the attention of several large investors lately. Signaturefd LLC recently increased its stake in the company by a staggering 73.1% during Q3, with Ellevest Inc. boosting its own holdings by 53.9% during Q4. Other institutional investors such as Exchange Traded Concepts, EverSource Wealth Advisors LLC and Captrust Financial Advisors have also added to their positions in ManpowerGroup over the past few quarters.
Despite this influx of investor interest, ManpowerGroup’s stock performance has been moderate recently. Shares opened at $71.97 on Friday and have ranged between a 52-week low of $64.00 and a 52-week high of $92.43. The company has a market cap of $3.63 billion with a P/E ratio of 10.46 and a P/E/G ratio of 6.79.
Several analysts have weighed in on ManpowerGroup’s potential for growth going forward, providing mixed reviews on the stock’s prospects despite recent investments by institutional players and current market conditions favorable to the industry as a whole.
Overall, it seems that while some investors are taking advantage of ManpowerGroup’s perceived growth potential in the near future, others are waiting to see clearer market signals before making any major moves in either direction with regards to investing in this particular business services provider.
As always, investors are advised to do thorough research into individual companies before making any investment decisions; in today’s volatile markets especially so if they want to avoid any undue risks associated with them.
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