Brokerages Set ManpowerGroup Inc. (NYSE:MAN) Target Price at $73.00

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) have been given a consensus rating of "Hold" by the six research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $71.67.

Several equities analysts have recently issued reports on MAN shares. Truist Financial decreased 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. UBS Group reduced their price objective on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday. 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 report on Friday, October 18th. Finally, Barclays reduced their price objective on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research report on Friday, January 3rd.

Insiders Place Their Bets

In related news, CFO John T. Mcginnis bought 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, 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 represents a 12.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of ManpowerGroup by 248.3% in the 3rd 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 during the period. Headlands Technologies LLC acquired a new position in shares of ManpowerGroup in the 2nd quarter valued at about $47,000. Capital Performance Advisors LLP acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at about $54,000. Abich Financial Wealth Management LLC raised its stake in ManpowerGroup by 34.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider's stock worth $55,000 after buying an additional 203 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in ManpowerGroup by 400.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider's stock worth $122,000 after buying an additional 1,333 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

Shares of MAN traded up $0.22 during midday trading on Wednesday, hitting $59.56. The company's stock had a trading volume of 473,353 shares, compared to its average volume of 657,394. ManpowerGroup has a one year low of $53.70 and a one year high of $78.87. The company's fifty day simple moving average is $59.93 and its two-hundred day simple moving average is $66.74. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 75.39 and a beta of 1.46.

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, beating the consensus estimate of $1.28 by $0.01. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.48 billion. As a group, equities analysts expect that ManpowerGroup will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.545 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from ManpowerGroup's previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a yield of 10.38%. ManpowerGroup's payout ratio is presently 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.