BNP Paribas Financial Markets Buys 18,764 Shares of ManpowerGroup Inc. (NYSE:MAN)

BNP Paribas Financial Markets grew its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 168.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,904 shares of the business services provider's stock after purchasing an additional 18,764 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of ManpowerGroup worth $2,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its stake 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 valued at $66,281,000 after buying an additional 894,379 shares during the period. AQR Capital Management LLC increased its stake in shares of ManpowerGroup by 55.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider's stock valued at $112,264,000 after acquiring an additional 573,027 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in shares of ManpowerGroup in the 2nd quarter valued at approximately $24,508,000. Millennium Management LLC boosted its stake in ManpowerGroup by 163.7% during the 2nd quarter. Millennium Management LLC now owns 407,970 shares of the business services provider's stock worth $28,476,000 after acquiring an additional 253,287 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in ManpowerGroup by 4.7% during the second quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider's stock valued at $287,987,000 after purchasing an additional 183,527 shares during the period. 98.03% of the stock is currently owned by institutional investors.

Insider Transactions at ManpowerGroup

In related news, CFO John T. Mcginnis purchased 8,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average price of $62.28 per share, with a total value of $498,240.00. Following the transaction, the chief financial officer now directly owns 70,639 shares of the company's stock, valued at $4,399,396.92. This trade represents a 12.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company's stock.

ManpowerGroup Stock Down 1.4 %

MAN traded down $0.86 during trading on Friday, hitting $61.36. The company had a trading volume of 588,598 shares, compared to its average volume of 487,347. The company has a market capitalization of $2.88 billion, a PE ratio of 77.68 and a beta of 1.45. 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 Inc. has a one year low of $59.35 and a one year high of $80.25. The firm's 50-day moving average price is $65.51 and its 200 day moving average price is $69.75.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating 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 return on equity of 11.05% and a net margin of 0.21%. As a group, equities analysts expect that ManpowerGroup Inc. will post 4.55 earnings per share for the current year.

ManpowerGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.545 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 10.07%. This is an increase from ManpowerGroup's previous quarterly dividend of $1.01. ManpowerGroup's dividend payout ratio is 389.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. UBS Group cut their target price 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. BMO Capital Markets dropped their price objective on 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, 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 note on Friday, October 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.