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

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) has earned an average rating of "Hold" from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $73.00.

MAN has been the topic of a number of recent research reports. Truist Financial cut their price objective on ManpowerGroup from $78.00 to $74.00 and set a "hold" rating on the stock in a research report on Friday, October 18th. BMO Capital Markets cut their price target on ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a report on Friday, October 18th. Barclays decreased their price objective on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a research note on Friday, January 3rd. Finally, 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 research note on Friday, October 18th.

ManpowerGroup Trading Up 2.4 %

MAN traded up $1.40 during mid-day trading on Wednesday, hitting $58.81. 213,709 shares of the stock were exchanged, compared to its average volume of 579,167. The firm's fifty day moving average is $60.28 and its two-hundred day moving average is $66.92. ManpowerGroup has a 1-year low of $53.70 and a 1-year high of $78.87. The company has a market cap of $2.76 billion, a PE ratio of 74.44 and a beta of 1.46. 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 (NYSE:MAN - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The business services provider reported $1.29 earnings per share (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 analysts' expectations of $4.48 billion. Equities analysts forecast that ManpowerGroup will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $1.545 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from ManpowerGroup's previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a dividend yield of 10.51%. ManpowerGroup's dividend payout ratio is 389.87%.

Insiders Place Their Bets

In related news, CFO John T. Mcginnis bought 8,000 shares of the company's stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of $62.28 per share, with a total value of $498,240.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MAN. Commerce Bank boosted its holdings in ManpowerGroup by 4.1% in the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider's stock valued at $314,000 after purchasing an additional 167 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of ManpowerGroup by 34.8% in the second quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider's stock valued at $55,000 after buying an additional 203 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock worth $2,745,000 after acquiring an additional 234 shares during the period. State of Alaska Department of Revenue raised its position in ManpowerGroup by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider's stock worth $405,000 after acquiring an additional 235 shares in the last quarter. Finally, Impact Partnership Wealth LLC lifted its holdings in ManpowerGroup by 9.8% in the third quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider's stock valued at $271,000 after acquiring an additional 329 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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.