ManpowerGroup Inc. (NYSE:MAN) Given Average Rating of “Hold” by Brokerages

ManpowerGroup Inc. (NYSE:MAN) has received an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $76.60.

A number of brokerages have recently weighed in on MAN. BMO Capital Markets reduced their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Truist Financial cut their price objective on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a report on Friday, October 18th. Finally, UBS Group lowered 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.

ManpowerGroup Stock Up 3.7 %

Shares of ManpowerGroup stock opened at $64.80 on Tuesday. 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 has a 1-year low of $59.35 and a 1-year high of $80.25. The business’s fifty day moving average price is $67.35 and its two-hundred day moving average price is $70.53. The company has a market capitalization of $3.04 billion, a P/E ratio of 82.03 and a beta of 1.46.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 0.21% and a return on equity of 11.05%. As a group, research analysts forecast that ManpowerGroup will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.545 per share. This represents a $6.18 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date is Monday, December 2nd. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s dividend payout ratio is 389.87%.

Insider Buying and Selling

In other news, CFO John T. Mcginnis acquired 8,000 shares of ManpowerGroup stock in a transaction on Wednesday, October 23rd. The stock was bought at an average cost of $62.28 per share, with a total value of $498,240.00. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MAN. Blue Trust Inc. boosted its position in shares of ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after buying an additional 375 shares during the period. Abich Financial Wealth Management LLC lifted its stake in ManpowerGroup by 62.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares in the last quarter. Headlands Technologies LLC acquired a new stake in ManpowerGroup during the 2nd quarter worth about $47,000. Advisors Asset Management Inc. purchased a new position in ManpowerGroup during the 1st quarter valued at about $49,000. Finally, Innealta Capital LLC acquired a new position in shares of ManpowerGroup in the 2nd quarter valued at about $50,000. 98.03% of the stock is owned by hedge funds and other institutional investors.

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.