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

Shares of ManpowerGroup Inc. (NYSE:MAN) have earned a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $73.00.

MAN has been the subject of a number of research reports. Barclays decreased their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. Truist Financial dropped their target price 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 target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. Finally, UBS Group dropped their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research report on Friday, October 18th.

Insiders Place Their Bets

In related 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 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 $4,399,396.92. This represents a 12.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commerce Bank boosted its position in shares of ManpowerGroup by 4.1% during the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock worth $314,000 after acquiring an additional 167 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in ManpowerGroup by 34.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock worth $55,000 after acquiring an additional 203 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock worth $2,745,000 after acquiring an additional 234 shares during the period. State of Alaska Department of Revenue grew its position in ManpowerGroup by 4.5% during 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 buying an additional 235 shares during the period. Finally, Impact Partnership Wealth LLC increased its position in ManpowerGroup by 9.8% during the third quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock worth $271,000 after buying an additional 329 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Trading Up 2.1 %

MAN opened at $57.45 on Wednesday. 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 firm has a market cap of $2.70 billion, a price-to-earnings ratio of 72.72 and a beta of 1.46. ManpowerGroup has a 12 month low of $53.70 and a 12 month high of $78.87. The stock has a fifty day moving average price of $60.40 and a 200-day moving average price of $67.01.

ManpowerGroup (NYSE:MAN) last issued its quarterly 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 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 the consensus estimate of $4.48 billion. As a group, equities research analysts anticipate that ManpowerGroup will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $1.545 dividend. The ex-dividend date was Monday, December 2nd. This is a boost from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a dividend yield of 10.76%. ManpowerGroup’s payout ratio is presently 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.