ManpowerGroup Inc. (NYSE:MAN) Given Consensus Recommendation of "Hold" by Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) have earned a consensus rating of "Hold" from the six analysts that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $76.60.

A number of brokerages recently issued reports on MAN. BMO Capital Markets decreased their target price on ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a report on Friday, October 18th. Truist Financial decreased their target price on ManpowerGroup from $78.00 to $74.00 and set a "hold" rating on the stock in a report on Friday, October 18th. Finally, UBS Group decreased 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.

Insider Activity at ManpowerGroup

In other ManpowerGroup news, CFO John T. Mcginnis acquired 8,000 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired 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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.40% of the company's stock.

Hedge Funds Weigh In On ManpowerGroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of ManpowerGroup by 4.7% in the 2nd 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. Dimensional Fund Advisors LP grew its stake in shares of ManpowerGroup by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider's stock valued at $160,539,000 after purchasing an additional 103,059 shares during the period. AQR Capital Management LLC grew 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 purchasing an additional 573,027 shares during the period. Pacer Advisors Inc. grew its stake in shares of ManpowerGroup by 12,496.6% in the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider's stock valued at $66,281,000 after purchasing an additional 894,379 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of ManpowerGroup by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider's stock valued at $58,444,000 after purchasing an additional 4,113 shares during the period. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Performance

Shares of NYSE MAN traded down $0.83 during mid-day trading on Tuesday, hitting $63.94. The company had a trading volume of 275,656 shares, compared to its average volume of 436,531. The firm's 50 day simple moving average is $67.35 and its two-hundred day simple moving average is $70.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 82.03 and a beta of 1.46. ManpowerGroup has a 12 month low of $59.35 and a 12 month high of $80.25.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its earnings results on Thursday, October 17th. The business services provider reported $1.29 earnings per share 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 research analysts forecast that ManpowerGroup will post 4.55 earnings per share for the current year.

ManpowerGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.545 per share. This is a boost from ManpowerGroup's previous quarterly dividend of $1.01. 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 9.67%. ManpowerGroup's dividend payout ratio (DPR) is presently 389.87%.

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.