ManpowerGroup (NYSE:MAN) Sets New 52-Week Low – Should You Sell?

ManpowerGroup Inc. (NYSE:MAN)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $54.88 and last traded at $55.28, with a volume of 36209 shares changing hands. The stock had previously closed at $56.58.

Analyst Ratings Changes

MAN has been the subject of several recent research reports. Barclays reduced their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets decreased their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research report on Friday, October 18th. UBS Group lowered their price target 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. Finally, Truist Financial decreased their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, ManpowerGroup presently has an average rating of “Hold” and an average price target of $73.00.

ManpowerGroup Stock Down 2.4 %

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 company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 69.90 and a beta of 1.46. The business’s 50 day moving average is $61.04 and its 200 day moving average is $67.44.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The firm 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%. Sell-side analysts anticipate that ManpowerGroup Inc. will post 4.55 earnings per share for the current year.

ManpowerGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $1.545 dividend. The ex-dividend date was Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 11.19%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s dividend payout ratio is currently 389.87%.

Insider Buying and Selling at ManpowerGroup

In related news, CFO John T. Mcginnis purchased 8,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were bought at an average cost of $62.28 per share, with a total value of $498,240.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

Institutional Trading of ManpowerGroup

A number of hedge funds have recently modified their holdings of MAN. Dimensional Fund Advisors LP raised its position in ManpowerGroup by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock valued at $160,539,000 after acquiring an additional 103,059 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of ManpowerGroup by 55.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock valued at $112,264,000 after purchasing an additional 573,027 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of ManpowerGroup by 12,496.6% in the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after purchasing an additional 894,379 shares during the period. Geode Capital Management LLC boosted its holdings in ManpowerGroup by 0.5% during the third quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after buying an additional 4,113 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in ManpowerGroup by 6.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock valued at $40,414,000 after buying an additional 32,083 shares during the period. 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.