57,731 Shares in ManpowerGroup Inc. (NYSE:MAN) Bought by Foundry Partners LLC

Foundry Partners LLC bought a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 57,731 shares of the business services provider's stock, valued at approximately $4,244,000. Foundry Partners LLC owned 0.12% of ManpowerGroup at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MAN. Blue Trust Inc. boosted its position in ManpowerGroup by 248.3% during 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 in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in ManpowerGroup by 62.4% in the first 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. Advisors Asset Management Inc. purchased a new stake in shares of ManpowerGroup during the first quarter worth about $49,000. Headlands Technologies LLC purchased a new position in shares of ManpowerGroup in the 2nd quarter valued at approximately $47,000. Finally, Innealta Capital LLC acquired a new stake in ManpowerGroup in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 98.03% of the company's stock.

Analyst Ratings Changes

MAN has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating for the company in a report on Friday, October 18th. UBS Group reduced their target price on ManpowerGroup from $78.00 to $71.00 and set a "neutral" rating for the company in a research note on Friday, October 18th. Finally, Truist Financial dropped their price target on ManpowerGroup from $78.00 to $74.00 and set a "hold" rating on the stock in a research note on Friday, October 18th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $76.60.

Insider Buying and Selling

In other ManpowerGroup news, CFO John T. Mcginnis purchased 8,000 shares of ManpowerGroup stock in a transaction that occurred on Wednesday, October 23rd. The stock was bought at an average price of $62.28 per share, with a total value of $498,240.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by insiders.

ManpowerGroup Stock Performance

NYSE MAN traded up $1.68 on Friday, reaching $62.48. 536,251 shares of the company's stock traded hands, compared to its average volume of 436,370. The stock has a 50 day moving average price of $67.67 and a 200-day moving average price of $70.80. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 79.09 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 company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.15.

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. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.48 billion. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. Equities research analysts predict that ManpowerGroup Inc. will post 4.55 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.545 dividend. This is a boost from ManpowerGroup's previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a dividend yield of 9.89%. The ex-dividend date of this dividend is Monday, December 2nd. ManpowerGroup's payout ratio is currently 389.88%.

ManpowerGroup Company 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.