ManpowerGroup Inc. (NYSE:MAN) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 122.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,295 shares of the business services provider's stock after acquiring an additional 15,000 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.06% of ManpowerGroup worth $2,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAN. Hancock Whitney Corp raised its holdings in shares of ManpowerGroup by 2.2% in the 1st quarter. Hancock Whitney Corp now owns 6,666 shares of the business services provider's stock worth $518,000 after purchasing an additional 144 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in ManpowerGroup by 34.8% during the second quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider's stock valued at $55,000 after purchasing an additional 203 shares during the last quarter. SummerHaven Investment Management LLC increased its position in ManpowerGroup by 2.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 9,029 shares of the business services provider's stock worth $630,000 after purchasing an additional 207 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of ManpowerGroup by 4.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider's stock valued at $405,000 after buying an additional 235 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of ManpowerGroup by 2.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 12,699 shares of the business services provider's stock valued at $886,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Stock Performance

MAN traded up $0.39 during trading hours on Wednesday, reaching $63.80. The company's stock had a trading volume of 394,180 shares, compared to its average volume of 434,744. ManpowerGroup Inc. has a 52 week low of $61.53 and a 52 week high of $80.25. The firm has a market cap of $2.99 billion, a PE ratio of 80.76 and a beta of 1.46. The company's 50-day moving average is $68.71 and its 200-day moving average is $71.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 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, 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 firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.48 billion. On average, equities analysts forecast that ManpowerGroup Inc. will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The business 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 dividend of $1.545 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from ManpowerGroup's previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a yield of 9.69%. ManpowerGroup's dividend payout ratio is currently 389.88%.

Insiders Place Their Bets

In related news, CFO John T. Mcginnis acquired 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the purchase, the chief financial officer now owns 70,639 shares in the company, valued at $4,399,396.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Truist Financial cut their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a "hold" rating for the company in a research report on Friday, October 18th. BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating for the company in a research note on Friday, October 18th. JPMorgan Chase & Co. decreased their price objective on ManpowerGroup from $84.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, July 19th. Finally, UBS Group cut their price objective on ManpowerGroup from $78.00 to $71.00 and set a "neutral" rating for the company in a report on Friday, October 18th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has an average 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.