Commerce Bank Buys 167 Shares of ManpowerGroup Inc. (NYSE:MAN)

Commerce Bank boosted its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,272 shares of the business services provider’s stock after buying an additional 167 shares during the quarter. Commerce Bank’s holdings in ManpowerGroup were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of MAN. Blue Trust Inc. boosted its stake in ManpowerGroup by 248.3% during the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after buying an additional 375 shares during the period. Abich Financial Wealth Management LLC boosted its stake in ManpowerGroup by 62.4% during the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after buying an additional 224 shares during the period. Headlands Technologies LLC purchased a new position in ManpowerGroup during the second quarter worth $47,000. Advisors Asset Management Inc. purchased a new stake in shares of ManpowerGroup during the first quarter valued at $49,000. Finally, Innealta Capital LLC purchased a new stake in shares of ManpowerGroup during the second quarter valued at $50,000. 98.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO John T. Mcginnis bought 8,000 shares of ManpowerGroup stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the completion of the acquisition, the chief financial officer now owns 70,639 shares of the company’s stock, valued at $4,399,396.92. This trade represents a 12.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

ManpowerGroup Stock Performance

MAN stock opened at $64.55 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50-day moving average price of $67.17 and a 200 day moving average price of $70.44. The company has a market capitalization of $3.03 billion, a P/E ratio of 81.91 and a beta of 1.46. ManpowerGroup Inc. has a 1-year low of $59.35 and a 1-year high of $80.25.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.01. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.48 billion. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. As a group, equities research analysts forecast that ManpowerGroup Inc. will post 4.55 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.545 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a yield of 9.57%. ManpowerGroup’s payout ratio is currently 389.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MAN. UBS Group lowered their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Finally, Truist Financial lowered their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Friday, October 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, ManpowerGroup has an average rating of “Hold” and a consensus price target of $76.60.

ManpowerGroup Company 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.