Analysts Set ManpowerGroup Inc. (NYSE:MAN) Price Target at $76.60

ManpowerGroup Inc. (NYSE:MAN) has been given a consensus rating of “Hold” by the six research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $76.60.

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

Insider Buying and Selling at ManpowerGroup

In other news, CFO John T. Mcginnis acquired 8,000 shares of ManpowerGroup stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the transaction, the chief financial officer now owns 70,639 shares of the company’s stock, valued at $4,399,396.92. This trade represents a 12.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

Institutional Trading of ManpowerGroup

A number of hedge funds have recently bought and sold shares of MAN. CANADA LIFE ASSURANCE Co raised its stake in shares of ManpowerGroup by 0.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 55,298 shares of the business services provider’s stock worth $4,293,000 after acquiring an additional 456 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in ManpowerGroup in the 1st quarter worth $49,000. Price T Rowe Associates Inc. MD lifted its stake in ManpowerGroup by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,888 shares of the business services provider’s stock worth $3,486,000 after purchasing an additional 1,845 shares during the last quarter. Tidal Investments LLC lifted its stake in ManpowerGroup by 179.7% in the first quarter. Tidal Investments LLC now owns 17,327 shares of the business services provider’s stock worth $1,345,000 after purchasing an additional 11,132 shares during the last quarter. Finally, Hancock Whitney Corp boosted its position in ManpowerGroup by 2.2% during the first quarter. Hancock Whitney Corp now owns 6,666 shares of the business services provider’s stock valued at $518,000 after buying an additional 144 shares during the period. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

ManpowerGroup stock opened at $64.37 on Tuesday. 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 one year low of $59.35 and a one year high of $80.25. The firm has a market capitalization of $3.02 billion, a P/E ratio of 81.48 and a beta of 1.46. The business has a fifty day moving average price of $66.59 and a 200-day moving average price of $70.26.

ManpowerGroup (NYSE:MAN) last posted its earnings results 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. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.48 billion. As a group, equities research analysts forecast that ManpowerGroup 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. Investors of record on Monday, December 2nd will be paid a $1.545 dividend. This represents a $6.18 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date is Monday, December 2nd. This is a boost from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s dividend payout ratio is currently 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.