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

Shares of ManpowerGroup Inc. (NYSE:MAN) have been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $73.00.

Several equities analysts have commented on the stock. Truist Financial lowered their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Friday, October 18th. BMO Capital Markets decreased their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research report on Friday, October 18th. Barclays lowered their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. Finally, UBS Group dropped their target price on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, October 18th.

Insider Activity

In related news, CFO John T. Mcginnis purchased 8,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average cost of $62.28 per share, with a total value of $498,240.00. Following the purchase, the chief financial officer now directly owns 70,639 shares in the company, valued at $4,399,396.92. The trade was a 12.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On ManpowerGroup

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its stake in ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after purchasing an additional 375 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of ManpowerGroup during the 2nd quarter worth approximately $47,000. Capital Performance Advisors LLP acquired a new position in ManpowerGroup during the third quarter worth $54,000. Abich Financial Wealth Management LLC raised 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 valued at $55,000 after purchasing an additional 203 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in ManpowerGroup by 400.3% in the third quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock valued at $122,000 after buying an additional 1,333 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Stock Performance

Shares of MAN stock opened at $57.45 on Wednesday. ManpowerGroup has a 12 month low of $53.70 and a 12 month high of $78.87. The company’s fifty day moving average price is $60.40 and its two-hundred day moving average price is $67.01. 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 firm has a market capitalization of $2.70 billion, a P/E ratio of 72.72 and a beta of 1.46.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.48 billion. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. On average, research analysts anticipate that ManpowerGroup will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $1.545 per share. This represents a $6.18 annualized dividend and a dividend yield of 10.76%. The ex-dividend date was Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s dividend payout ratio is 389.87%.

About ManpowerGroup

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.