Brokerages Set ManpowerGroup Inc. (NYSE:MAN) PT at $73.00

Shares of ManpowerGroup Inc. (NYSE:MAN) have been given a consensus rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $71.67.

MAN has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective 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. UBS Group reduced their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday. Barclays cut their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. Finally, Truist Financial dropped their price objective on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Friday, October 18th.

Insider Activity at ManpowerGroup

In other news, CFO John T. Mcginnis bought 8,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average price of $62.28 per share, with a total value of $498,240.00. Following the completion of the purchase, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. This represents a 12.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 2.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ManpowerGroup

A number of institutional investors and hedge funds have recently made changes to their positions in MAN. Commerce Bank grew its holdings in ManpowerGroup by 4.1% during the third quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 167 shares during the period. Abich Financial Wealth Management LLC boosted its position in shares of ManpowerGroup by 34.8% in the second quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 203 shares during the period. Harbor Capital Advisors Inc. grew its stake in ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock valued at $2,745,000 after acquiring an additional 234 shares in the last quarter. State of Alaska Department of Revenue increased its holdings 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 acquiring an additional 235 shares during the period. Finally, Impact Partnership Wealth LLC lifted its stake in ManpowerGroup by 9.8% in the 3rd 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. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Trading Up 0.4 %

NYSE MAN opened at $59.56 on Wednesday. The company has a market cap of $2.80 billion, a P/E ratio of 75.39 and a beta of 1.46. 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 company has a 50-day moving average of $59.93 and a 200-day moving average of $66.70. ManpowerGroup has a 12 month low of $53.70 and a 12 month high of $78.87.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results 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 firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.48 billion. As a group, equities analysts predict that ManpowerGroup will post 4.55 earnings per share for the current year.

ManpowerGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $1.545 dividend. This represents a $6.18 dividend on an annualized basis and a dividend yield of 10.38%. This is a boost from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, December 2nd. ManpowerGroup’s dividend payout ratio (DPR) is presently 389.87%.

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.