GSA Capital Partners LLP Takes Position in ManpowerGroup Inc. (NYSE:MAN)

GSA Capital Partners LLP purchased a new position in ManpowerGroup Inc. (NYSE:MAN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,785 shares of the business services provider’s stock, valued at approximately $205,000.

Several other large investors also recently added to or reduced their stakes in the stock. Hancock Whitney Corp lifted its holdings in shares of ManpowerGroup by 2.2% in the 1st quarter. Hancock Whitney Corp now owns 6,666 shares of the business services provider’s stock worth $518,000 after acquiring an additional 144 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in ManpowerGroup by 34.8% in the second quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock worth $55,000 after purchasing an additional 203 shares during the last quarter. SummerHaven Investment Management LLC increased its stake 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 worth $630,000 after purchasing an additional 207 shares during the period. State of Alaska Department of Revenue increased its stake in ManpowerGroup by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock worth $405,000 after purchasing an additional 235 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of ManpowerGroup by 2.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 12,699 shares of the business services provider’s stock worth $886,000 after purchasing an additional 279 shares during the last quarter. 98.03% of the stock is owned by institutional investors.

Insider Activity at ManpowerGroup

In other news, CFO John T. Mcginnis acquired 8,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average cost of $62.28 per share, with a total value of $498,240.00. Following 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 company insiders.

ManpowerGroup Stock Performance

NYSE MAN opened at $62.48 on Monday. The stock’s 50 day simple moving average is $67.49 and its 200-day simple moving average is $70.61. The company has a market cap of $2.93 billion, a PE ratio of 79.09 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. ManpowerGroup Inc. has a 1-year low of $59.35 and a 1-year high of $80.25.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The company 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%. As a group, equities research analysts anticipate that ManpowerGroup Inc. 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 issued a dividend of $1.545 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a yield of 9.89%. ManpowerGroup’s dividend payout ratio is 389.88%.

Analyst Ratings Changes

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