ManpowerGroup Inc. (NYSE:MAN) Position Trimmed by Fmr LLC

FMR LLC lowered its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 8.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,281,251 shares of the business services provider's stock after selling 122,424 shares during the quarter. FMR LLC owned 2.73% of ManpowerGroup worth $94,198,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MAN. CWM LLC raised its position in shares of ManpowerGroup by 5,109.1% in the 2nd quarter. CWM LLC now owns 7,449 shares of the business services provider's stock valued at $520,000 after purchasing an additional 7,306 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of ManpowerGroup by 33.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 1,822 shares of the business services provider's stock worth $127,000 after purchasing an additional 458 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of ManpowerGroup in the 2nd quarter valued at about $667,000. M&G Plc raised its stake in shares of ManpowerGroup by 39.9% in the 2nd quarter. M&G Plc now owns 82,043 shares of the business services provider's stock valued at $5,743,000 after purchasing an additional 23,418 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of ManpowerGroup by 8.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,749 shares of the business services provider's stock worth $401,000 after purchasing an additional 472 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ManpowerGroup

In other news, CFO John T. Mcginnis bought 8,000 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased 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 directly owns 70,639 shares in the company, valued at approximately $4,399,396.92. This trade represents a 12.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.40% of the company's stock.

ManpowerGroup Stock Performance

Shares of NYSE:MAN traded down $0.85 during trading hours on Friday, hitting $61.37. The stock had a trading volume of 588,598 shares, compared to its average volume of 440,865. The stock's fifty day simple moving average is $65.74 and its 200 day simple moving average is $69.85. 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 company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.15. ManpowerGroup Inc. has a 1-year low of $59.35 and a 1-year 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. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.48 billion. Sell-side analysts anticipate that ManpowerGroup Inc. will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.545 per share. This represents a $6.18 dividend on an annualized basis and a dividend yield of 10.07%. This is an increase from ManpowerGroup's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, December 2nd. ManpowerGroup's payout ratio is 389.87%.

Wall Street Analyst Weigh In

MAN has been the topic of several research reports. UBS Group dropped their price target on ManpowerGroup from $78.00 to $71.00 and set a "neutral" rating on the stock in a research report on Friday, October 18th. BMO Capital Markets cut their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a report on Friday, October 18th. Finally, Truist Financial lowered their target price on ManpowerGroup from $78.00 to $74.00 and set a "hold" rating for the company in a report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $76.60.

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.