Quest Partners LLC Has $46,000 Position in ManpowerGroup Inc. (NYSE:MAN)

Quest Partners LLC lessened its stake in ManpowerGroup Inc. (NYSE:MAN) by 89.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 627 shares of the business services provider’s stock after selling 5,277 shares during the quarter. Quest Partners LLC’s holdings in ManpowerGroup were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in shares of ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 375 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in ManpowerGroup in the first quarter valued at about $49,000. Headlands Technologies LLC acquired a new position in ManpowerGroup in the 2nd quarter worth about $47,000. Innealta Capital LLC acquired a new position in ManpowerGroup in the 2nd quarter worth about $50,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of ManpowerGroup during the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Truist Financial lowered their price target on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note 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 report on Friday, October 18th. Finally, BMO Capital Markets cut their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a report on Friday, October 18th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, ManpowerGroup currently has a consensus rating of “Hold” and a consensus price target of $76.60.

ManpowerGroup Stock Down 0.3 %

MAN opened at $64.37 on Friday. The firm has a market cap of $3.02 billion, a P/E ratio of 81.44 and a beta of 1.46. 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 business has a 50 day moving average price of $66.59 and a 200 day moving average price of $70.26. ManpowerGroup Inc. has a twelve month low of $59.35 and a twelve month high of $80.25.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The company 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%. Research analysts forecast that ManpowerGroup Inc. will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.545 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 9.60%. ManpowerGroup’s payout ratio is currently 389.87%.

Insider Activity

In other ManpowerGroup news, CFO John T. Mcginnis purchased 8,000 shares of the business’s stock in a transaction dated 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 acquisition, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by company insiders.

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.