Quantinno Capital Management LP Has $4.97 Million Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Quantinno Capital Management LP grew its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 54.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 67,559 shares of the business services provider's stock after purchasing an additional 23,881 shares during the quarter. Quantinno Capital Management LP owned 0.14% of ManpowerGroup worth $4,967,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider's stock worth $37,000 after purchasing an additional 375 shares during the last quarter. Headlands Technologies LLC bought a new position in ManpowerGroup during the second quarter valued at about $47,000. Innealta Capital LLC acquired a new stake in shares of ManpowerGroup in the second quarter worth about $50,000. Capital Performance Advisors LLP bought a new stake in shares of ManpowerGroup during the 3rd quarter worth about $54,000. Finally, Abich Financial Wealth Management LLC boosted its stake in shares of ManpowerGroup by 34.8% during the 2nd 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 own 98.03% of the company's stock.

Insider Buying and Selling at ManpowerGroup

In other ManpowerGroup news, CFO John T. Mcginnis bought 8,000 shares of ManpowerGroup stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the completion of the acquisition, the chief financial officer now owns 70,639 shares in the company, valued at approximately $4,399,396.92. The trade was a 12.77 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.40% of the company's stock.

ManpowerGroup Price Performance

NYSE MAN traded down $0.86 on Friday, hitting $61.36. 588,598 shares of the company were exchanged, compared to its average volume of 487,347. ManpowerGroup Inc. has a 1-year low of $59.35 and a 1-year high of $80.25. The company has a market cap of $2.88 billion, a P/E ratio of 77.67 and a beta of 1.45. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $65.51 and a two-hundred day moving average of $69.72.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.48 billion. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. On average, equities analysts predict 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. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.545 per share. The ex-dividend date is Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 10.07%. This is a boost from ManpowerGroup's previous quarterly dividend of $1.01. ManpowerGroup's dividend payout ratio (DPR) is 389.88%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAN. Truist Financial reduced their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a "hold" rating for the company in a research note on Friday, October 18th. UBS Group dropped their target price 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. Finally, BMO Capital Markets decreased their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating for the company in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.