ManpowerGroup Inc. (NYSE:MAN) Given Average Rating of “Hold” by Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $76.60.

Several research analysts have commented on MAN shares. UBS Group cut their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, October 18th. BMO Capital Markets reduced their target price on 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 reduced their price objective on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a report on Friday, October 18th.

Insider Buying and Selling

In other ManpowerGroup news, CFO John T. Mcginnis bought 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average price of $62.28 per share, with a total value of $498,240.00. Following the transaction, the chief financial officer now owns 70,639 shares in the company, valued at $4,399,396.92. This trade represents a 12.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of ManpowerGroup

Several large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in shares of ManpowerGroup by 248.3% in 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 period. Headlands Technologies LLC acquired a new stake in shares of ManpowerGroup during the second quarter worth $47,000. Innealta Capital LLC acquired a new position in ManpowerGroup in the second quarter valued at approximately $50,000. Capital Performance Advisors LLP acquired a new stake in ManpowerGroup in the third quarter worth $54,000. Finally, Abich Financial Wealth Management LLC boosted its stake in ManpowerGroup by 34.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 203 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Stock Up 0.1 %

Shares of NYSE MAN opened at $56.94 on Friday. ManpowerGroup has a 12-month low of $55.87 and a 12-month high of $80.25. The stock has a market cap of $2.67 billion, a P/E ratio of 72.08 and a beta of 1.45. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $63.45 and its 200-day simple moving average is $68.87.

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

ManpowerGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.545 per share. This is a boost from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, December 2nd. This represents a $6.18 annualized dividend and a dividend yield of 10.85%. ManpowerGroup’s dividend payout ratio (DPR) is 389.87%.

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.