ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 18.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 481,176 shares of the business services provider’s stock after selling 112,010 shares during the period. Charles Schwab Investment Management Inc. owned 1.01% of ManpowerGroup worth $35,376,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MAN. Blue Trust Inc. raised its position 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 buying an additional 375 shares during the last quarter. Headlands Technologies LLC acquired a new stake in ManpowerGroup in the 2nd quarter valued at about $47,000. Innealta Capital LLC purchased a new position in ManpowerGroup in the 2nd quarter worth approximately $50,000. Capital Performance Advisors LLP acquired a new position in shares of ManpowerGroup during the 3rd quarter worth approximately $54,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of ManpowerGroup by 34.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Insider Buying and Selling

In other news, CFO John T. Mcginnis bought 8,000 shares of ManpowerGroup stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the purchase, the chief financial officer now owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. The trade was a 12.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.40% of the stock is owned by company insiders.

ManpowerGroup Stock Performance

NYSE:MAN opened at $63.18 on Tuesday. 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 quick ratio of 1.15 and a current ratio of 1.15. The company has a 50 day moving average price of $66.59 and a 200 day moving average price of $70.15. The stock has a market capitalization of $2.97 billion, a P/E ratio of 79.97 and a beta of 1.46.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 earnings per share 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. Equities research analysts forecast that ManpowerGroup Inc. will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.545 dividend. This represents a $6.18 dividend on an annualized basis and a dividend yield of 9.78%. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date is Monday, December 2nd. ManpowerGroup’s dividend payout ratio (DPR) is 389.87%.

Analyst Ratings Changes

Several research analysts have recently commented on MAN shares. Truist Financial reduced their price target on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Friday, October 18th. UBS Group reduced their target price 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, BMO Capital Markets dropped their price target 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. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.