ManpowerGroup Inc. (NYSE:MAN) Receives $76.60 Average Target Price from Brokerages

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

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

Insider Activity

In other news, CFO John T. Mcginnis bought 8,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was purchased 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On ManpowerGroup

Several hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of ManpowerGroup by 8.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,749 shares of the business services provider’s stock worth $401,000 after purchasing an additional 472 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of ManpowerGroup by 133.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,530 shares of the business services provider’s stock worth $386,000 after acquiring an additional 3,161 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of ManpowerGroup by 1.3% in the 2nd quarter. Retirement Systems of Alabama now owns 151,661 shares of the business services provider’s stock worth $10,586,000 after acquiring an additional 1,987 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of ManpowerGroup by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 603,081 shares of the business services provider’s stock worth $42,095,000 after purchasing an additional 5,119 shares during the period. Finally, Panagora Asset Management Inc. lifted its holdings in shares of ManpowerGroup by 278.0% during the second quarter. Panagora Asset Management Inc. now owns 26,108 shares of the business services provider’s stock valued at $1,822,000 after purchasing an additional 19,201 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Stock Performance

Shares of MAN opened at $56.82 on Friday. The stock has a market capitalization of $2.67 billion, a PE ratio of 71.92 and a beta of 1.45. The business’s fifty day moving average price is $62.85 and its 200 day moving average price is $68.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. ManpowerGroup has a 12-month low of $55.87 and a 12-month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.48 billion. Equities research analysts forecast that ManpowerGroup will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $1.545 per share. This represents a $6.18 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s payout ratio is 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.