Captrust Financial Advisors Has $240,000 Holdings in ManpowerGroup Inc. (NYSE:MAN)

Captrust Financial Advisors increased its stake in ManpowerGroup Inc. (NYSE:MAN) by 11.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,260 shares of the business services provider’s stock after acquiring an additional 344 shares during the period. Captrust Financial Advisors’ holdings in ManpowerGroup were worth $240,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MAN. FORA Capital LLC bought a new stake in shares of ManpowerGroup in the 3rd quarter valued at $636,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ManpowerGroup during the 3rd quarter worth approximately $1,140,000. Blueshift Asset Management LLC acquired a new stake in shares of ManpowerGroup during the 3rd quarter worth approximately $225,000. BNP Paribas Financial Markets boosted its position in ManpowerGroup by 168.4% in the third quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock valued at $2,199,000 after buying an additional 18,764 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in ManpowerGroup by 161.2% in the third quarter. Bank of Montreal Can now owns 36,328 shares of the business services provider’s stock valued at $2,662,000 after buying an additional 22,421 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

Insider Activity

In related news, CFO John T. Mcginnis bought 8,000 shares of the business’s 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 purchase, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MAN. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. 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 research report on Friday, October 18th. Finally, UBS Group decreased their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $76.60.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $61.18 on Monday. ManpowerGroup Inc. has a one year low of $59.35 and a one year high of $80.25. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 77.44 and a beta of 1.45. The company’s fifty day moving average price is $64.46 and its 200-day moving average price is $69.24. 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 (NYSE:MAN) last announced 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. The business 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%. On average, equities research analysts anticipate 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. Stockholders of record on Monday, December 2nd will be paid 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 dividend yield of 10.10%. ManpowerGroup’s payout ratio is presently 389.87%.

About ManpowerGroup

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.