ManpowerGroup Inc. (NYSE:MAN) Stock Holdings Cut by Quantbot Technologies LP

Quantbot Technologies LP cut its holdings in ManpowerGroup Inc. (NYSE:MAN) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,772 shares of the business services provider’s stock after selling 762 shares during the quarter. Quantbot Technologies LP’s holdings in ManpowerGroup were worth $792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted 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 valued at $37,000 after purchasing an additional 375 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of ManpowerGroup in the second quarter valued at $47,000. Innealta Capital LLC bought a new stake in shares of ManpowerGroup during the 2nd quarter worth $50,000. Capital Performance Advisors LLP bought a new stake in shares of ManpowerGroup during the 3rd quarter worth $54,000. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of ManpowerGroup by 34.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock worth $55,000 after acquiring an additional 203 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Trading Down 0.3 %

NYSE:MAN opened at $64.37 on Monday. The stock has a market cap of $3.02 billion, a PE ratio of 81.48 and a beta of 1.46. ManpowerGroup Inc. has a fifty-two week low of $59.35 and a fifty-two week high of $80.25. 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 stock’s 50-day moving average is $66.59 and its two-hundred day moving average is $70.21.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.48 billion. As a group, equities research analysts forecast that ManpowerGroup Inc. will post 4.55 earnings per share 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 paid a $1.545 dividend. The ex-dividend date is Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 9.60%. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s payout ratio is 389.88%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAN. UBS Group decreased their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research report on Friday, October 18th. BMO Capital Markets decreased their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Finally, Truist Financial cut their price target on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $76.60.

Insider Transactions at ManpowerGroup

In other news, CFO John T. Mcginnis purchased 8,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average price of $62.28 per share, with a total value of $498,240.00. Following the purchase, the chief financial officer now owns 70,639 shares in the company, valued at $4,399,396.92. This represents a 12.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

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.