ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Weiss Asset Management LP

Weiss Asset Management LP lowered its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 98.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,120 shares of the business services provider's stock after selling 266,234 shares during the quarter. Weiss Asset Management LP's holdings in ManpowerGroup were worth $303,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP raised its position in ManpowerGroup by 54.7% in the 3rd quarter. Quantinno Capital Management LP now owns 67,559 shares of the business services provider's stock worth $4,967,000 after purchasing an additional 23,881 shares during the period. Point72 Asset Management L.P. grew its stake in shares of ManpowerGroup by 480.1% during the third quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider's stock valued at $23,884,000 after buying an additional 268,866 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of ManpowerGroup by 6.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider's stock worth $40,414,000 after buying an additional 32,083 shares during the period. Holocene Advisors LP lifted its stake in shares of ManpowerGroup by 39.5% during the 3rd quarter. Holocene Advisors LP now owns 49,980 shares of the business services provider's stock worth $3,675,000 after acquiring an additional 14,157 shares during the last quarter. Finally, ARGA Investment Management LP boosted its holdings in ManpowerGroup by 9.3% during the 3rd quarter. ARGA Investment Management LP now owns 90,208 shares of the business services provider's stock valued at $6,632,000 after acquiring an additional 7,653 shares during the period. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Stock Down 0.7 %

NYSE:MAN traded down $0.42 during mid-day trading on Tuesday, reaching $61.90. The company's stock had a trading volume of 599,301 shares, compared to its average volume of 443,430. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. ManpowerGroup Inc. has a 1 year low of $59.35 and a 1 year high of $80.25. The stock has a fifty day moving average of $65.28 and a 200-day moving average of $69.60. The firm has a market capitalization of $2.91 billion, a PE ratio of 78.92 and a beta of 1.45.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.01. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.48 billion. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. Equities research analysts forecast that ManpowerGroup Inc. will post 4.55 earnings per share for the current year.

ManpowerGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $1.545 per share. 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 dividend yield of 9.98%. The ex-dividend date is Monday, December 2nd. ManpowerGroup's dividend payout ratio is 389.88%.

Insider Activity at ManpowerGroup

In other news, CFO John T. Mcginnis bought 8,000 shares of the stock in a transaction on 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 completion of the purchase, the chief financial officer now directly owns 70,639 shares in the company, valued at approximately $4,399,396.92. The trade was a 12.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MAN has been the topic of a number of recent analyst reports. UBS Group reduced their target price on ManpowerGroup from $78.00 to $71.00 and set a "neutral" rating on the stock in a research note on Friday, October 18th. BMO Capital Markets reduced their price target 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, Truist Financial lowered their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a "hold" rating for the company in a research report on Friday, October 18th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, ManpowerGroup 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.