ManpowerGroup Inc. (NYSE:MAN) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in ManpowerGroup Inc. (NYSE:MAN) by 122.0% during the third quarter, Holdings Channel reports. The firm owned 27,295 shares of the business services provider’s stock after purchasing an additional 15,000 shares during the period. Crossmark Global Holdings Inc.’s holdings in ManpowerGroup were worth $2,007,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in shares of 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 acquired a new position in shares of ManpowerGroup during the 2nd quarter valued at $24,508,000. Millennium Management LLC lifted its holdings 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 valued at $28,476,000 after acquiring an additional 253,287 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of ManpowerGroup by 4.7% during the 2nd 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of ManpowerGroup by 4.7% during the 2nd 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. Institutional investors and hedge funds own 98.03% of the company’s stock.

Insider Activity

In other ManpowerGroup news, CFO John T. Mcginnis purchased 8,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average cost of $62.28 per share, with a total value of $498,240.00. Following 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 filing with the SEC, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

ManpowerGroup Price Performance

MAN opened at $63.39 on Wednesday. The company has a 50-day moving average of $68.89 and a 200-day moving average of $71.41. The company has a market capitalization of $3.01 billion, a P/E ratio of 80.24 and a beta of 1.46. ManpowerGroup Inc. has a 1-year low of $61.53 and a 1-year high of $80.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.15.

ManpowerGroup (NYSE:MAN) last released its earnings results 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. The company had revenue of $4.53 billion during 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 analysts expect that ManpowerGroup Inc. will post 4.58 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.545 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a dividend yield of 9.75%. ManpowerGroup’s payout ratio is 389.87%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MAN shares. UBS Group reduced their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, October 18th. BMO Capital Markets dropped 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. Truist Financial dropped their price target 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $76.60.

ManpowerGroup 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.