GSA Capital Partners LLP Invests $205,000 in ManpowerGroup Inc. (NYSE:MAN)

GSA Capital Partners LLP purchased a new stake in ManpowerGroup Inc. (NYSE:MAN) during the third quarter, HoldingsChannel.com reports. The firm purchased 2,785 shares of the business services provider’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co grew its stake in shares of ManpowerGroup by 0.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 55,298 shares of the business services provider’s stock worth $4,293,000 after purchasing an additional 456 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of ManpowerGroup during the 1st quarter worth approximately $49,000. Price T Rowe Associates Inc. MD grew its holdings in shares of ManpowerGroup by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,888 shares of the business services provider’s stock worth $3,486,000 after acquiring an additional 1,845 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in ManpowerGroup by 3.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 376,184 shares of the business services provider’s stock worth $29,207,000 after purchasing an additional 14,121 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in ManpowerGroup by 179.7% during the first quarter. Tidal Investments LLC now owns 17,327 shares of the business services provider’s stock worth $1,345,000 after purchasing an additional 11,132 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Insider Transactions at ManpowerGroup

In related news, CFO John T. Mcginnis purchased 8,000 shares of ManpowerGroup stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average cost of $62.28 per share, with a total value of $498,240.00. Following the transaction, the chief financial officer now owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. The trade was a 12.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

ManpowerGroup Stock Performance

NYSE:MAN opened at $62.48 on Monday. ManpowerGroup Inc. has a fifty-two week low of $59.35 and a fifty-two week high of $80.25. The firm’s 50 day moving average is $67.49 and its two-hundred day moving average is $70.61. The company has a market cap of $2.93 billion, a P/E ratio of 79.09 and a beta of 1.46. 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 (NYSE:MAN) 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 analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.48 billion. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. Analysts expect that ManpowerGroup Inc. will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The firm also recently disclosed 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 an increase from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a yield of 9.89%. The ex-dividend date is Monday, December 2nd. ManpowerGroup’s payout ratio is currently 389.88%.

Analyst Ratings Changes

Several equities research analysts recently commented on MAN shares. BMO Capital Markets decreased their price objective on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. Truist Financial reduced their target price on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Friday, October 18th. Finally, UBS Group dropped their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.