ManpowerGroup Inc. (NYSE:MAN) Shares Purchased by Commerce Bank

Commerce Bank boosted its position in ManpowerGroup Inc. (NYSE:MAN) by 4.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,272 shares of the business services provider’s stock after purchasing an additional 167 shares during the period. Commerce Bank’s holdings in ManpowerGroup were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after buying an additional 375 shares during the last quarter. Abich Financial Wealth Management LLC boosted its position in ManpowerGroup by 62.4% in the 1st 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 in the last quarter. Headlands Technologies LLC purchased a new stake in ManpowerGroup in the 2nd quarter worth approximately $47,000. Advisors Asset Management Inc. purchased a new stake in ManpowerGroup in the 1st quarter worth approximately $49,000. Finally, Innealta Capital LLC purchased a new stake in ManpowerGroup in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Insider Activity at ManpowerGroup

In other news, CFO John T. Mcginnis acquired 8,000 shares of ManpowerGroup stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of $62.28 per share, with a total value of $498,240.00. Following the purchase, the chief financial officer now owns 70,639 shares in the company, valued at $4,399,396.92. This trade 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 through the SEC website. 3.00% of the stock is owned by corporate insiders.

ManpowerGroup Trading Up 0.6 %

Shares of MAN stock opened at $64.55 on Thursday. 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 market cap of $3.03 billion, a price-to-earnings ratio of 81.91 and a beta of 1.46. The stock has a 50 day simple moving average of $67.17 and a 200-day simple moving average of $70.44. ManpowerGroup Inc. has a 1-year low of $59.35 and a 1-year high of $80.25.

ManpowerGroup (NYSE:MAN) last announced its 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. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.48 billion. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. On average, equities research analysts expect that ManpowerGroup Inc. will post 4.55 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.545 dividend. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a yield of 9.57%. The ex-dividend date of this dividend is Monday, December 2nd. ManpowerGroup’s dividend payout ratio is currently 389.88%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. BMO Capital Markets lowered their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. UBS Group lowered their price objective on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, October 18th. Finally, Truist Financial lowered their price objective on ManpowerGroup from $78.00 to $74.00 and set a “hold” 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 stock currently has a consensus rating of “Hold” and an average price target of $76.60.

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.