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

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

Several analysts have recently commented on the stock. 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 report on Friday, October 18th. Truist Financial decreased their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Friday, October 18th. Finally, UBS Group dropped their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, October 18th.

ManpowerGroup Stock Performance

Shares of MAN opened at $56.98 on Friday. The firm has a market capitalization of $2.67 billion, a P/E ratio of 72.13 and a beta of 1.45. ManpowerGroup has a 52 week low of $55.87 and a 52 week high of $80.25. The stock has a 50 day moving average price of $62.21 and a two-hundred day moving average price of $68.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current 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 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%. Equities analysts forecast that ManpowerGroup will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $1.545 per share. This represents a $6.18 dividend on an annualized basis and a yield of 10.85%. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s dividend payout ratio (DPR) is 389.87%.

Insider Buying and Selling at ManpowerGroup

In other news, CFO John T. Mcginnis bought 8,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average cost of $62.28 per share, with a total value 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 $4,399,396.92. This represents a 12.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after acquiring an additional 375 shares during the last quarter. Headlands Technologies LLC bought a new position in ManpowerGroup during the second quarter worth about $47,000. Innealta Capital LLC purchased a new position in shares of ManpowerGroup in the second quarter worth about $50,000. Capital Performance Advisors LLP bought a new stake in shares of ManpowerGroup in the third quarter valued at approximately $54,000. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of ManpowerGroup by 34.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock valued at $55,000 after buying an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

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.