Sanctuary Advisors LLC Increases Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Sanctuary Advisors LLC increased its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 39.8% in the 3rd quarter, Holdings Channel reports. The firm owned 7,754 shares of the business services provider’s stock after buying an additional 2,208 shares during the period. Sanctuary Advisors LLC’s holdings in ManpowerGroup were worth $570,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in ManpowerGroup in the 3rd quarter worth approximately $664,000. Geode Capital Management LLC boosted its stake in shares of ManpowerGroup by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after buying an additional 4,113 shares during the last quarter. Vestcor Inc grew its holdings in shares of ManpowerGroup by 173.6% in the third quarter. Vestcor Inc now owns 13,439 shares of the business services provider’s stock worth $988,000 after acquiring an additional 8,527 shares during the period. Barclays PLC increased its position in ManpowerGroup by 62.9% during the third quarter. Barclays PLC now owns 154,886 shares of the business services provider’s stock valued at $11,387,000 after acquiring an additional 59,821 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in ManpowerGroup in the third quarter valued at about $922,000. Institutional investors own 98.03% of the company’s stock.

Insider Buying and Selling at ManpowerGroup

In other ManpowerGroup news, CFO John T. Mcginnis bought 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the completion of the transaction, the chief financial officer now owns 70,639 shares of the company’s stock, valued at $4,399,396.92. This trade represents a 12.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.40% of the company’s stock.

ManpowerGroup Trading Up 0.3 %

Shares of NYSE:MAN opened at $56.98 on Thursday. The stock has a 50 day moving average of $62.21 and a 200 day moving average of $68.40. The company has a market cap of $2.67 billion, a PE ratio of 72.13 and a beta of 1.45. ManpowerGroup Inc. has a 12-month low of $55.87 and a 12-month high of $80.25. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, October 17th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.01. The business had revenue of $4.53 billion for 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%. As a group, equities research analysts expect that ManpowerGroup Inc. will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $1.545 dividend. This represents a $6.18 dividend on an annualized basis and a yield of 10.85%. The ex-dividend date was Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s dividend payout ratio is presently 389.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MAN shares. UBS Group cut their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. Truist Financial reduced their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a report on Friday, October 18th. Finally, 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. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.