ManpowerGroup Inc. (NYSE:MAN) Receives $76.60 Consensus PT from Brokerages

ManpowerGroup Inc. (NYSE:MAN) has earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $76.60.

Several research analysts have recently commented on the company. 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. UBS Group cut their price target on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. Finally, BMO Capital Markets decreased their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a report on Friday, October 18th.

Insiders Place Their Bets

In related news, CFO John T. Mcginnis bought 8,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average price of $62.28 per share, with a total value of $498,240.00. Following the purchase, the chief financial officer now owns 70,639 shares in the company, valued at approximately $4,399,396.92. The trade was a 12.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC grew its holdings in shares of ManpowerGroup by 179.7% in 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 during the last quarter. CWM LLC grew its holdings in ManpowerGroup by 5,109.1% in the 2nd quarter. CWM LLC now owns 7,449 shares of the business services provider’s stock worth $520,000 after acquiring an additional 7,306 shares during the last quarter. Burney Co. raised its stake in shares of ManpowerGroup by 2.0% during the first quarter. Burney Co. now owns 17,607 shares of the business services provider’s stock valued at $1,367,000 after acquiring an additional 353 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of ManpowerGroup by 12,496.6% during the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after purchasing an additional 894,379 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of ManpowerGroup by 149.4% in the third quarter. Advisors Asset Management Inc. now owns 55,070 shares of the business services provider’s stock worth $4,049,000 after purchasing an additional 32,992 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Up 0.7 %

Shares of NYSE MAN opened at $64.56 on Tuesday. The business has a 50-day simple moving average of $66.99 and a two-hundred day simple moving average of $70.40. The company has a market cap of $3.03 billion, a P/E ratio of 81.71 and a beta of 1.46. ManpowerGroup has a 52 week low of $59.35 and a 52 week high of $80.25. 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 data on Thursday, October 17th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.48 billion. Research analysts anticipate that ManpowerGroup will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.545 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $6.18 annualized dividend and a dividend yield of 9.57%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. 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.