Holocene Advisors LP Has $3.68 Million Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Holocene Advisors LP lifted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 39.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,980 shares of the business services provider's stock after acquiring an additional 14,157 shares during the quarter. Holocene Advisors LP owned about 0.11% of ManpowerGroup worth $3,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MAN. Blue Trust Inc. lifted its position in shares of ManpowerGroup by 248.3% during the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider's stock worth $37,000 after purchasing an additional 375 shares in the last quarter. Headlands Technologies LLC purchased a new position in ManpowerGroup in the 2nd quarter valued at about $47,000. Innealta Capital LLC acquired a new stake in shares of ManpowerGroup during the second quarter valued at about $50,000. Capital Performance Advisors LLP purchased a new stake in shares of ManpowerGroup during the third quarter worth about $54,000. Finally, Abich Financial Wealth Management LLC lifted 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 worth $55,000 after acquiring an additional 203 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group cut their price target 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. Truist Financial decreased their price target on ManpowerGroup from $78.00 to $74.00 and set a "hold" rating for the company in a research note on Friday, October 18th. Finally, BMO Capital Markets reduced their price target 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. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $76.60.

ManpowerGroup Trading Down 1.4 %

Shares of ManpowerGroup stock traded down $0.86 on Friday, reaching $61.36. 588,598 shares of the company were exchanged, compared to its average volume of 440,865. 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 fifty-two week low of $59.35 and a fifty-two week high of $80.25. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 77.65 and a beta of 1.45. The stock has a fifty day moving average price of $65.74 and a 200-day moving average price of $69.85.

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 (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.48 billion. On average, analysts expect that ManpowerGroup Inc. will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $1.545 dividend. The ex-dividend date is 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 yield of 10.07%. ManpowerGroup's dividend payout ratio (DPR) is presently 389.87%.

Insiders Place Their Bets

In other ManpowerGroup news, CFO John T. Mcginnis acquired 8,000 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the acquisition, the chief financial officer now directly 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company's stock.

ManpowerGroup 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.