FORA Capital LLC Takes $636,000 Position in ManpowerGroup Inc. (NYSE:MAN)

FORA Capital LLC bought a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,654 shares of the business services provider's stock, valued at approximately $636,000.

Several other hedge funds also recently made changes to their positions in MAN. Advisors Asset Management Inc. acquired a new position in ManpowerGroup in the 1st quarter valued at $49,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of ManpowerGroup by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,888 shares of the business services provider's stock worth $3,486,000 after acquiring an additional 1,845 shares during the period. Tidal Investments LLC boosted its position in shares of ManpowerGroup by 179.7% during the 1st quarter. Tidal Investments LLC now owns 17,327 shares of the business services provider's stock worth $1,345,000 after acquiring an additional 11,132 shares in the last quarter. Hancock Whitney Corp increased its stake in ManpowerGroup by 2.2% in the first quarter. Hancock Whitney Corp now owns 6,666 shares of the business services provider's stock valued at $518,000 after acquiring an additional 144 shares during the last quarter. Finally, Burney Co. raised its position in ManpowerGroup by 2.0% during the first quarter. Burney Co. now owns 17,607 shares of the business services provider's stock valued at $1,367,000 after purchasing an additional 353 shares in the last quarter. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Price Performance

MAN traded down $0.23 on Friday, reaching $64.34. The stock had a trading volume of 299,282 shares, compared to its average volume of 437,033. 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 company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 81.48 and a beta of 1.46. ManpowerGroup Inc. has a fifty-two week low of $59.35 and a fifty-two week high of $80.25. The firm has a 50-day moving average of $66.78 and a 200-day moving average of $70.36.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its 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. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.48 billion. As a group, sell-side analysts anticipate that ManpowerGroup Inc. will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.545 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from ManpowerGroup's previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a yield of 9.61%. ManpowerGroup's dividend payout ratio is presently 389.87%.

Insiders Place Their Bets

In other ManpowerGroup news, CFO John T. Mcginnis purchased 8,000 shares of the business's stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the acquisition, the chief financial officer now owns 70,639 shares of the company's stock, valued at approximately $4,399,396.92. This represents a 12.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MAN shares. UBS Group reduced their target price on 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 reduced 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 lowered 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $76.60.

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.