Jacobs Levy Equity Management Inc. Increases Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Jacobs Levy Equity Management Inc. boosted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 6.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 549,698 shares of the business services provider’s stock after acquiring an additional 32,083 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in ManpowerGroup were worth $40,414,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of ManpowerGroup by 4.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock valued at $287,987,000 after acquiring an additional 183,527 shares during the period. Dimensional Fund Advisors LP grew its stake in ManpowerGroup by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock valued at $160,539,000 after purchasing an additional 103,059 shares during the last quarter. AQR Capital Management LLC grew its stake in ManpowerGroup by 55.3% in the second quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock valued at $112,264,000 after purchasing an additional 573,027 shares during the last quarter. Pacer Advisors Inc. raised its holdings in ManpowerGroup by 12,496.6% in the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after purchasing an additional 894,379 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of ManpowerGroup by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 603,081 shares of the business services provider’s stock valued at $42,095,000 after buying an additional 5,119 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

Insider Buying and Selling

In other ManpowerGroup 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 purchase, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at $4,399,396.92. The trade was a 12.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

ManpowerGroup Stock Down 1.3 %

NYSE:MAN opened at $62.35 on Wednesday. The company’s 50 day moving average is $66.38 and its two-hundred day moving average is $70.06. The company has a market cap of $2.93 billion, a PE ratio of 78.93 and a beta of 1.45. ManpowerGroup Inc. has a twelve month low of $59.35 and a twelve 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.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.48 billion. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. Analysts anticipate that ManpowerGroup Inc. will post 4.55 EPS for the current 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 paid a $1.545 dividend. This represents a $6.18 annualized dividend and a dividend yield of 9.91%. This is a boost from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, December 2nd. ManpowerGroup’s dividend payout ratio (DPR) is presently 389.88%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial reduced 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. BMO Capital Markets reduced their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. Finally, UBS Group decreased their price objective on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a report on Friday, October 18th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $76.60.

ManpowerGroup 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.