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

ManpowerGroup Inc. (NYSE:MAN) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $76.60.

Several research firms have recently issued reports on MAN. Truist Financial reduced 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 lowered 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. Finally, UBS Group reduced their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, October 18th.

Insiders Place Their Bets

In related news, CFO John T. Mcginnis acquired 8,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ManpowerGroup

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its position in ManpowerGroup by 2.9% in the third quarter. Franklin Resources Inc. now owns 186,295 shares of the business services provider’s stock valued at $13,464,000 after buying an additional 5,207 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of ManpowerGroup by 7.8% during the third quarter. Synovus Financial Corp now owns 7,922 shares of the business services provider’s stock worth $582,000 after buying an additional 570 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of ManpowerGroup during the 3rd quarter worth approximately $207,000. Sanctuary Advisors LLC raised its holdings in shares of ManpowerGroup by 39.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock worth $570,000 after acquiring an additional 2,208 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of ManpowerGroup in the 3rd quarter valued at approximately $664,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Stock Performance

MAN opened at $56.94 on Friday. ManpowerGroup has a 12-month low of $55.87 and a 12-month high of $80.25. The company’s 50 day moving average is $63.45 and its 200 day moving average is $68.87. 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 company has a market cap of $2.67 billion, a price-to-earnings ratio of 72.08 and a beta of 1.45.

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

ManpowerGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.545 per share. The ex-dividend date was Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 10.85%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s dividend payout ratio is currently 389.87%.

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.