Geode Capital Management LLC Sells 11,544 Shares of ManpowerGroup Inc. $MAN

Geode Capital Management LLC lessened its stake in ManpowerGroup Inc. (NYSE:MAN) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 801,577 shares of the business services provider’s stock after selling 11,544 shares during the period. Geode Capital Management LLC’s holdings in ManpowerGroup were worth $32,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. CW Advisors LLC boosted its holdings in shares of ManpowerGroup by 4.1% in the 1st quarter. CW Advisors LLC now owns 6,953 shares of the business services provider’s stock valued at $402,000 after buying an additional 273 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in ManpowerGroup by 11.3% during the second quarter. PNC Financial Services Group Inc. now owns 2,756 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 280 shares during the last quarter. Huntington National Bank boosted its stake in ManpowerGroup by 41.6% in the second quarter. Huntington National Bank now owns 997 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 293 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in ManpowerGroup by 3.0% in the second quarter. SummerHaven Investment Management LLC now owns 12,003 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 346 shares in the last quarter. Finally, Graham Capital Management L.P. grew its holdings in ManpowerGroup by 1.3% in the first quarter. Graham Capital Management L.P. now owns 29,871 shares of the business services provider’s stock worth $1,729,000 after purchasing an additional 375 shares during the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Trading Up 0.7%

NYSE MAN opened at $28.51 on Friday. ManpowerGroup Inc. has a 1 year low of $26.14 and a 1 year high of $65.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.98. The company has a market capitalization of $1.32 billion, a PE ratio of -60.66 and a beta of 1.06. The company has a fifty day moving average of $33.27 and a 200 day moving average of $38.75.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, October 16th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.60 billion. ManpowerGroup had a positive return on equity of 7.02% and a negative net margin of 0.12%.The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. ManpowerGroup has set its Q4 2025 guidance at 0.780-0.88 EPS. Research analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

ManpowerGroup Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 521.0%. ManpowerGroup’s dividend payout ratio (DPR) is presently -306.38%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. UBS Group decreased their price target on shares of ManpowerGroup from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Weiss Ratings reissued a “sell (d)” rating on shares of ManpowerGroup in a report on Tuesday. Barclays cut their target price on ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. Finally, Truist Financial lowered their price target on ManpowerGroup from $48.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $40.67.

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.