Y Intercept Hong Kong Ltd purchased a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,546 shares of the business services provider's stock, valued at approximately $922,000.
A number of other large investors also recently added to or reduced their stakes in MAN. SG Americas Securities LLC acquired a new position in shares of ManpowerGroup during the second quarter valued at approximately $667,000. Wealth Enhancement Advisory Services LLC raised its stake in ManpowerGroup by 8.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,749 shares of the business services provider's stock valued at $401,000 after purchasing an additional 472 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in ManpowerGroup by 133.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,530 shares of the business services provider's stock valued at $386,000 after purchasing an additional 3,161 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in ManpowerGroup in the 2nd quarter valued at $384,000. Finally, SummerHaven Investment Management LLC boosted its stake in ManpowerGroup by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,029 shares of the business services provider's stock worth $630,000 after purchasing an additional 207 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.
ManpowerGroup Trading Up 0.5 %
Shares of MAN traded up $0.33 during mid-day trading on Friday, reaching $61.17. The stock had a trading volume of 594,916 shares, compared to its average volume of 447,288. ManpowerGroup Inc. has a 52-week low of $59.35 and a 52-week high of $80.25. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 76.94 and a beta of 1.45. The business's fifty day moving average is $64.67 and its 200 day moving average is $69.39. 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 (NYSE:MAN - Get Free Report) last posted 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. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.48 billion. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. On average, sell-side analysts predict that ManpowerGroup Inc. will post 4.55 EPS for the current fiscal year.
ManpowerGroup Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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. The ex-dividend date is Monday, December 2nd. This represents a $6.18 annualized dividend and a yield of 10.10%. ManpowerGroup's dividend payout ratio (DPR) is 389.88%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on MAN shares. UBS Group reduced their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a "neutral" rating for the company in a research report on Friday, October 18th. BMO Capital Markets cut their price objective 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. Finally, Truist Financial decreased their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a "hold" rating on the stock in a research note on Friday, October 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $76.60.
View Our Latest Stock Analysis on MAN
Insider Buying and Selling at ManpowerGroup
In related news, CFO John T. Mcginnis acquired 8,000 shares of the firm's stock in a transaction dated 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 acquisition, the chief financial officer now owns 70,639 shares in the company, valued at $4,399,396.92. The trade was a 12.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company's stock.
About ManpowerGroup
(
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.
Featured Stories
Before you consider ManpowerGroup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ManpowerGroup wasn't on the list.
While ManpowerGroup currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
