Captrust Financial Advisors Raises Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Captrust Financial Advisors lifted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,260 shares of the business services provider’s stock after purchasing an additional 344 shares during the quarter. Captrust Financial Advisors’ holdings in ManpowerGroup were worth $240,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in ManpowerGroup in the second quarter worth $667,000. Wealth Enhancement Advisory Services LLC grew its holdings in ManpowerGroup by 8.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,749 shares of the business services provider’s stock valued at $401,000 after purchasing an additional 472 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in ManpowerGroup by 133.4% in the second quarter. Nisa Investment Advisors LLC now owns 5,530 shares of the business services provider’s stock valued at $386,000 after purchasing an additional 3,161 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in ManpowerGroup in the second quarter valued at $384,000. Finally, SummerHaven Investment Management LLC grew its holdings in ManpowerGroup by 2.3% in the second quarter. SummerHaven Investment Management LLC now owns 9,029 shares of the business services provider’s stock valued at $630,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of NYSE:MAN opened at $61.18 on Monday. The company has a market cap of $2.87 billion, a P/E ratio of 77.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.15. ManpowerGroup Inc. has a one year low of $59.35 and a one year high of $80.25. The business’s 50-day simple moving average is $64.46 and its 200 day simple moving average is $69.24.

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

ManpowerGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.545 per share. The ex-dividend date is Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a dividend yield of 10.10%. ManpowerGroup’s dividend payout ratio (DPR) is currently 389.87%.

Wall Street Analysts Forecast Growth

MAN has been the topic of several research reports. Truist Financial lowered their target price 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 decreased 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. Finally, BMO Capital Markets decreased their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $76.60.

Insider Transactions at ManpowerGroup

In other news, CFO John T. Mcginnis acquired 8,000 shares of ManpowerGroup 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 completion of the transaction, the chief financial officer now owns 70,639 shares in the company, valued at approximately $4,399,396.92. This trade represents a 12.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by insiders.

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.