Jacobs Levy Equity Management Inc. Grows Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Jacobs Levy Equity Management Inc. increased its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549,698 shares of the business services provider's stock after buying an additional 32,083 shares during the period. Jacobs Levy Equity Management Inc. owned 1.17% of ManpowerGroup worth $40,414,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Holocene Advisors LP increased its stake in shares of ManpowerGroup by 39.5% during the third quarter. Holocene Advisors LP now owns 49,980 shares of the business services provider's stock valued at $3,675,000 after purchasing an additional 14,157 shares in the last quarter. ARGA Investment Management LP increased its stake in shares of ManpowerGroup by 9.3% during the third quarter. ARGA Investment Management LP now owns 90,208 shares of the business services provider's stock valued at $6,632,000 after purchasing an additional 7,653 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of ManpowerGroup by 11.7% during the third quarter. Verition Fund Management LLC now owns 34,191 shares of the business services provider's stock valued at $2,514,000 after purchasing an additional 3,574 shares in the last quarter. Captrust Financial Advisors increased its position in shares of ManpowerGroup by 11.8% during the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock valued at $240,000 after acquiring an additional 344 shares in the last quarter. Finally, FORA Capital LLC bought a new stake in shares of ManpowerGroup during the third quarter valued at approximately $636,000. 98.03% of the stock is owned by institutional investors.

Insider Transactions at ManpowerGroup

In other news, CFO John T. Mcginnis purchased 8,000 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of $62.28 per share, with a total value of $498,240.00. Following the purchase, the chief financial officer now owns 70,639 shares in the company, valued at approximately $4,399,396.92. This trade represents a 12.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company's stock.

ManpowerGroup Price Performance

Shares of MAN traded up $0.55 during trading hours on Wednesday, reaching $62.90. 141,723 shares of the stock traded hands, compared to its average volume of 437,231. 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 Inc. has a 52-week low of $59.35 and a 52-week high of $80.25. The company's 50-day moving average price is $66.15 and its two-hundred day moving average price is $69.95. The company has a market cap of $2.95 billion, a P/E ratio of 78.90 and a beta of 1.45.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results 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. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.48 billion. On average, analysts anticipate that ManpowerGroup Inc. will post 4.55 earnings per share for the current year.

ManpowerGroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 an increase from ManpowerGroup's previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a dividend yield of 9.83%. ManpowerGroup's payout ratio is 389.88%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MAN. UBS Group dropped 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 target price on shares of ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a report on Friday, October 18th. Finally, Truist Financial dropped their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a "hold" rating on the stock in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, ManpowerGroup has a consensus rating of "Hold" and a consensus price target 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.