Clark Estates Inc. NY Decreases Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Clark Estates Inc. NY lowered its stake in ManpowerGroup Inc. (NYSE:MAN) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,300 shares of the business services provider’s stock after selling 2,950 shares during the quarter. Clark Estates Inc. NY owned 0.08% of ManpowerGroup worth $2,669,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in ManpowerGroup by 12,496.6% in the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after acquiring an additional 894,379 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of ManpowerGroup by 55.3% during the second quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock worth $112,264,000 after acquiring an additional 573,027 shares during the last quarter. Pzena Investment Management LLC bought a new stake in ManpowerGroup in the 2nd quarter valued at $24,508,000. Millennium Management LLC boosted 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 purchasing an additional 253,287 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of 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 purchasing an additional 183,527 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Down 1.0 %

NYSE:MAN opened at $64.14 on Wednesday. The stock has a fifty day simple moving average of $67.35 and a 200-day simple moving average of $70.53. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 81.19 and a beta of 1.46. ManpowerGroup Inc. has a twelve month low of $59.35 and a twelve month high of $80.25.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.48 billion. Analysts anticipate that ManpowerGroup Inc. will post 4.55 EPS for the current 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 is Monday, December 2nd. This represents a $6.18 annualized dividend and a dividend yield of 9.64%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s payout ratio is currently 389.88%.

Insider Activity

In related news, CFO John T. Mcginnis acquired 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the purchase, the chief financial officer now directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

MAN has been the topic of several recent research reports. Truist Financial decreased their price objective on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Friday, October 18th. BMO Capital Markets lowered their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Finally, UBS Group cut their target price on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $76.60.

About ManpowerGroup

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.