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

Shares of ManpowerGroup Inc. (NYSE:MAN) have received an average rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $76.60.

Several equities analysts have recently commented on MAN shares. 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 research note on Friday, October 18th. UBS Group reduced their price objective on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th. Finally, Truist Financial dropped their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Friday, October 18th.

Insiders Place Their Bets

In other ManpowerGroup news, CFO John T. Mcginnis acquired 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 transaction, the chief financial officer now directly owns 70,639 shares in the company, valued at approximately $4,399,396.92. This represents a 12.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ManpowerGroup

A number of large investors have recently bought and sold shares of MAN. Blue Trust Inc. raised its position in shares of 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 during the period. Abich Financial Wealth Management LLC grew its stake in ManpowerGroup by 62.4% during the 1st 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 last quarter. Headlands Technologies LLC acquired a new stake in ManpowerGroup in the second quarter worth $47,000. Advisors Asset Management Inc. bought a new stake in ManpowerGroup in the first quarter valued at $49,000. Finally, Innealta Capital LLC acquired a new position in shares of ManpowerGroup during the second quarter valued at $50,000. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

ManpowerGroup stock opened at $64.80 on Tuesday. ManpowerGroup has a 12-month low of $59.35 and a 12-month 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 company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 82.03 and a beta of 1.46. The firm’s fifty day moving average price is $67.35 and its 200 day moving average price is $70.53.

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

ManpowerGroup Increases Dividend

The firm 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 dividend of $1.545 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $6.18 annualized dividend and a yield of 9.54%. ManpowerGroup’s payout ratio is presently 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.