Quantinno Capital Management LP Has $4.97 Million Position in ManpowerGroup Inc. (NYSE:MAN)

Quantinno Capital Management LP lifted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 54.7% during the third quarter, Holdings Channel.com reports. The firm owned 67,559 shares of the business services provider’s stock after buying an additional 23,881 shares during the period. Quantinno Capital Management LP’s holdings in ManpowerGroup were worth $4,967,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MAN. Blue Trust Inc. boosted its stake in shares of ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 375 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of ManpowerGroup in the 2nd quarter worth $47,000. Innealta Capital LLC acquired a new stake in shares of ManpowerGroup during the second quarter worth $50,000. Capital Performance Advisors LLP acquired a new position in ManpowerGroup in the third quarter valued at about $54,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in ManpowerGroup by 34.8% during the second quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock worth $55,000 after buying an additional 203 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAN. Truist Financial reduced their price objective 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. BMO Capital Markets reduced 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 report on Friday, October 18th. Finally, UBS Group decreased their price target on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $76.60.

Insider Transactions at ManpowerGroup

In other news, CFO John T. Mcginnis bought 8,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the purchase, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.

ManpowerGroup Price Performance

NYSE MAN opened at $61.36 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.15. ManpowerGroup Inc. has a 52-week low of $59.35 and a 52-week high of $80.25. The business has a 50 day simple moving average of $65.51 and a 200 day simple moving average of $69.72. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 77.67 and a beta of 1.45.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.48 billion. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. Analysts anticipate that ManpowerGroup Inc. will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The company 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. This represents a $6.18 dividend on an annualized basis and a dividend yield of 10.07%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date is Monday, December 2nd. ManpowerGroup’s payout ratio is 389.88%.

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.