ManpowerGroup Inc. (NYSE:MAN) Given Consensus Recommendation of “Hold” by Analysts

ManpowerGroup Inc. (NYSE:MAN) has been assigned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $76.60.

Several research firms have recently issued reports on MAN. UBS Group cut their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. BMO Capital Markets reduced their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a report on Friday, October 18th. Finally, Truist Financial dropped their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Friday, October 18th.

Insider Activity at ManpowerGroup

In other ManpowerGroup news, CFO John T. Mcginnis bought 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the completion of the purchase, the chief financial officer now owns 70,639 shares of the company’s stock, valued at $4,399,396.92. This trade represents a 12.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in shares of ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 375 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in ManpowerGroup by 62.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of ManpowerGroup during the second quarter worth $47,000. Advisors Asset Management Inc. purchased a new stake in ManpowerGroup during the 1st quarter worth $49,000. Finally, Innealta Capital LLC acquired a new position in ManpowerGroup in the 2nd quarter worth $50,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Trading Down 1.8 %

Shares of ManpowerGroup stock opened at $63.18 on Tuesday. The company has a 50-day moving average of $66.59 and a two-hundred day moving average of $70.15. ManpowerGroup has a 12-month low of $59.35 and a 12-month high of $80.25. 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 market cap of $2.97 billion, a PE ratio of 79.97 and a beta of 1.46.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data 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 firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.48 billion. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. On average, research analysts anticipate that ManpowerGroup will post 4.55 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently disclosed 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 represents a $6.18 dividend on an annualized basis and a dividend yield of 9.78%. 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. ManpowerGroup’s payout ratio is currently 389.87%.

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.