Versor Investments LP Buys 1,400 Shares of ManpowerGroup Inc. (NYSE:MAN)

Versor Investments LP raised its position in ManpowerGroup Inc. (NYSE:MAN) by 19.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,721 shares of the business services provider’s stock after purchasing an additional 1,400 shares during the quarter. Versor Investments LP’s holdings in ManpowerGroup were worth $641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in ManpowerGroup by 55.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock valued at $112,264,000 after acquiring an additional 573,027 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in shares of ManpowerGroup during the second quarter valued at about $24,508,000. Millennium Management LLC raised its stake in shares of ManpowerGroup by 163.7% during the 2nd quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock worth $28,476,000 after acquiring an additional 253,287 shares in the last quarter. Victory Capital Management Inc. lifted its position in ManpowerGroup by 4.7% during the second quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock valued at $287,987,000 after acquiring an additional 183,527 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in ManpowerGroup by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock valued at $160,539,000 after acquiring an additional 103,059 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MAN. JPMorgan Chase & Co. dropped their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. UBS Group lowered their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a report on Friday, October 18th. Truist Financial decreased their price target 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. Finally, BMO Capital Markets cut their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, ManpowerGroup currently has an average rating of “Hold” and an average target price of $76.60.

Insider Activity at ManpowerGroup

In other news, CFO John T. Mcginnis acquired 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $4,399,396.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.

ManpowerGroup Stock Up 0.6 %

Shares of NYSE:MAN opened at $63.80 on Thursday. ManpowerGroup Inc. has a 52-week low of $61.53 and a 52-week high of $80.25. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 80.76 and a beta of 1.46. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $68.71 and a two-hundred day moving average of $71.36.

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

ManpowerGroup Increases Dividend

The company 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 $1.545 dividend. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 9.69%. ManpowerGroup’s dividend payout ratio (DPR) is currently 389.88%.

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.