Quadrature Capital Ltd decreased its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 66.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,866 shares of the business services provider's stock after selling 13,568 shares during the quarter. Quadrature Capital Ltd's holdings in ManpowerGroup were worth $505,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MAN. Blue Trust Inc. lifted its holdings 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 valued at $37,000 after acquiring an additional 375 shares during the period. Headlands Technologies LLC acquired a new stake in shares of ManpowerGroup during the 2nd quarter worth about $47,000. Innealta Capital LLC acquired a new position in ManpowerGroup in the second quarter valued at about $50,000. Capital Performance Advisors LLP bought a new stake in ManpowerGroup during the third quarter worth about $54,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of ManpowerGroup by 34.8% during the second 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 in the last quarter. 98.03% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, CFO John T. Mcginnis bought 8,000 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company's stock.
ManpowerGroup Trading Up 1.6 %
Shares of NYSE MAN traded up $0.98 during midday trading on Monday, hitting $62.35. The stock had a trading volume of 893,078 shares, compared to its average volume of 442,238. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. 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 cap of $2.93 billion, a P/E ratio of 77.67 and a beta of 1.45. The company's 50-day simple moving average is $65.51 and its 200 day simple moving average is $69.69.
ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $4.48 billion. Research analysts anticipate 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 9.91%. ManpowerGroup's dividend payout ratio (DPR) is presently 389.88%.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. BMO Capital Markets decreased their price target 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. UBS Group decreased their target price on ManpowerGroup from $78.00 to $71.00 and set a "neutral" 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 research note on Friday, October 18th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $76.60.
View Our Latest Research Report on MAN
ManpowerGroup Profile
(
Free Report)
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.
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