Barclays PLC Buys 59,821 Shares of ManpowerGroup Inc. (NYSE:MAN)

Barclays PLC raised its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 62.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,886 shares of the business services provider's stock after buying an additional 59,821 shares during the period. Barclays PLC owned about 0.33% of ManpowerGroup worth $11,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of ManpowerGroup by 248.3% in the third 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. Headlands Technologies LLC bought a new stake in ManpowerGroup in the 2nd quarter worth about $47,000. Innealta Capital LLC purchased a new stake in ManpowerGroup in the 2nd quarter valued at about $50,000. Capital Performance Advisors LLP purchased a new stake in ManpowerGroup in the 3rd quarter valued at about $54,000. Finally, Abich Financial Wealth Management LLC boosted its stake in shares of ManpowerGroup by 34.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider's stock worth $55,000 after buying an additional 203 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Truist Financial decreased their target price on ManpowerGroup from $78.00 to $74.00 and set a "hold" rating for the company in a research report on Friday, October 18th. BMO Capital Markets lowered their price objective on shares of 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 reduced their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a "neutral" 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 issued a buy rating to the company. According to data from MarketBeat, ManpowerGroup currently has a consensus rating of "Hold" and an average target price of $76.60.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock traded down $0.36 during trading on Tuesday, hitting $59.00. 602,470 shares of the stock traded hands, compared to its average volume of 448,604. The firm's fifty day moving average is $64.23 and its 200-day moving average is $69.14. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 74.68 and a beta of 1.45. ManpowerGroup Inc. has a 52 week low of $58.74 and a 52 week high of $80.25. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. The firm 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%. Research analysts expect that ManpowerGroup Inc. will post 4.55 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $1.545 per share. This represents a $6.18 annualized dividend and a yield of 10.47%. This is a positive change from ManpowerGroup's previous quarterly dividend of $1.01. The ex-dividend date was Monday, December 2nd. ManpowerGroup's dividend payout ratio is presently 389.87%.

Insider Activity

In other news, CFO John T. Mcginnis bought 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 owns 70,639 shares of the company's stock, 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 is available at this hyperlink. Insiders own 2.40% of the company's stock.

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.