ManpowerGroup Inc. (NYSE:MAN) CFO Buys $498,240.00 in Stock

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) CFO John T. Mcginnis acquired 8,000 shares of ManpowerGroup stock in a transaction on Wednesday, October 23rd. The shares were bought at an average price of $62.28 per share, with a total value of $498,240.00. Following the completion of the transaction, the chief financial officer now directly owns 70,639 shares of the company's stock, valued at $4,399,396.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ManpowerGroup Trading Up 2.2 %

MAN stock traded up $1.34 during trading on Thursday, reaching $63.62. 1,110,130 shares of the stock were exchanged, compared to its average volume of 422,717. The business has a 50 day moving average price of $71.26 and a 200-day moving average price of $72.42. ManpowerGroup Inc. has a 1 year low of $61.53 and a 1 year high of $80.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 64.21 and a beta of 1.45.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Custom Index Systems LLC purchased a new stake in ManpowerGroup in the third quarter valued at $408,000. State of Alaska Department of Revenue raised its holdings in ManpowerGroup by 4.5% in 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 period. Frank Rimerman Advisors LLC acquired a new position in ManpowerGroup in the third quarter valued at about $251,000. Wealth Enhancement Advisory Services LLC boosted its stake in ManpowerGroup by 78.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,280 shares of the business services provider's stock worth $756,000 after buying an additional 4,531 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its stake in ManpowerGroup by 15.0% during the third quarter. NorthCrest Asset Manangement LLC now owns 6,082 shares of the business services provider's stock worth $447,000 after buying an additional 793 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAN has been the topic of several research analyst reports. Truist Financial lowered their price objective on ManpowerGroup from $78.00 to $74.00 and set a "hold" rating on the stock in a report on Friday, October 18th. UBS Group dropped their price objective on shares of ManpowerGroup from $78.00 to $71.00 and set a "neutral" rating for the company in a research note on Friday, October 18th. BMO Capital Markets decreased their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their price target on ManpowerGroup from $84.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, ManpowerGroup presently has an average rating of "Hold" and a consensus target price 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.