ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Clark Estates Inc. NY

Clark Estates Inc. NY reduced its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,300 shares of the business services provider’s stock after selling 2,950 shares during the period. Clark Estates Inc. NY’s holdings in ManpowerGroup were worth $2,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after buying an additional 375 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of ManpowerGroup by 62.4% in the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after purchasing an additional 224 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of ManpowerGroup during the first quarter worth about $49,000. Headlands Technologies LLC purchased a new stake in shares of ManpowerGroup in the 2nd quarter valued at $47,000. Finally, Innealta Capital LLC purchased a new position in shares of ManpowerGroup during the second quarter worth $50,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

Insiders Place Their Bets

In other news, CFO John T. Mcginnis purchased 8,000 shares of ManpowerGroup stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average price of $62.28 per share, with a total value of $498,240.00. Following the transaction, the chief financial officer now owns 70,639 shares in the company, valued at $4,399,396.92. This represents a 12.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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 lowered 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. UBS Group decreased their target price 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 objective on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $76.60.

ManpowerGroup Stock Performance

Shares of NYSE:MAN opened at $64.14 on Wednesday. The business’s 50 day moving average price is $67.35 and its 200-day moving average price is $70.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $3.01 billion, a PE ratio of 81.19 and a beta of 1.46. ManpowerGroup Inc. has a 1 year low of $59.35 and a 1 year high of $80.25.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, October 17th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.48 billion. As a group, equities research analysts expect that ManpowerGroup Inc. will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.545 dividend. This is a boost from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a yield of 9.64%. The ex-dividend date of this dividend is Monday, December 2nd. ManpowerGroup’s dividend payout ratio is presently 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.