Cerity Partners LLC Purchases 679 Shares of ManpowerGroup Inc. (NYSE:MAN)

Cerity Partners LLC boosted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,918 shares of the business services provider’s stock after acquiring an additional 679 shares during the period. Cerity Partners LLC’s holdings in ManpowerGroup were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MAN. Pacer Advisors Inc. lifted its stake in ManpowerGroup by 12,496.6% in the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after buying an additional 894,379 shares in the last quarter. AQR Capital Management LLC increased its holdings in ManpowerGroup by 55.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock worth $112,264,000 after purchasing an additional 573,027 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in shares of ManpowerGroup in the 2nd quarter valued at about $24,508,000. Millennium Management LLC lifted its holdings in shares of ManpowerGroup by 163.7% in the second quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after purchasing an additional 253,287 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of ManpowerGroup by 4.7% during the second quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock worth $287,987,000 after buying an additional 183,527 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ManpowerGroup

In other ManpowerGroup 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, with a total value of $498,240.00. Following the completion of the transaction, the chief financial officer now owns 70,639 shares in the company, valued at $4,399,396.92. The trade was a 12.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.

ManpowerGroup Stock Performance

Shares of NYSE MAN opened at $62.74 on Thursday. 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 stock has a 50 day moving average of $66.15 and a 200-day moving average of $69.95. ManpowerGroup Inc. has a 12 month low of $59.35 and a 12 month high of $80.25. The company has a market capitalization of $2.95 billion, a P/E ratio of 78.90 and a beta of 1.45.

ManpowerGroup (NYSE:MAN) last posted 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 net margin of 0.21% and a return on equity of 11.05%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.48 billion. As a group, equities research analysts predict that ManpowerGroup Inc. will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $1.545 dividend. This is an increase 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 dividend yield of 9.85%. ManpowerGroup’s dividend payout ratio is presently 389.88%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MAN shares. Truist Financial cut their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research report 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 note on Friday, October 18th. Finally, UBS Group dropped their price objective on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, ManpowerGroup currently has a consensus rating of “Hold” and a consensus price target of $76.60.

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.