ManpowerGroup Inc. (NYSE:MAN) Receives Consensus Rating of “Hold” from Analysts

ManpowerGroup Inc. (NYSE:MAN) has been assigned a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $76.60.

A number of equities analysts have commented on MAN shares. BMO Capital Markets reduced their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a report on Friday, October 18th. UBS Group reduced their price objective 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, Truist Financial cut their price target on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Friday, October 18th.

ManpowerGroup Trading Down 0.8 %

NYSE MAN opened at $57.19 on Friday. ManpowerGroup has a one year low of $55.87 and a one year high of $80.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 72.39 and a beta of 1.45. The company’s 50-day simple moving average is $62.02 and its two-hundred day simple moving average is $68.33.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, October 17th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates 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. Equities analysts forecast that ManpowerGroup will post 4.55 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $1.545 dividend. The ex-dividend date was Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a dividend yield of 10.81%. ManpowerGroup’s dividend payout ratio is currently 389.87%.

Insider Transactions at ManpowerGroup

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

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commerce Bank grew its stake in shares of ManpowerGroup by 4.1% during the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock worth $314,000 after purchasing an additional 167 shares during the period. Abich Financial Wealth Management LLC increased its stake in shares of 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 purchasing an additional 203 shares in the last quarter. State of Alaska Department of Revenue increased its stake in ManpowerGroup by 4.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock worth $405,000 after buying an additional 235 shares in the last quarter. Impact Partnership Wealth LLC increased its position in shares of ManpowerGroup by 9.8% during the third quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock worth $271,000 after purchasing an additional 329 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of ManpowerGroup by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock valued at $240,000 after buying an additional 344 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

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.