Royce & Associates LP Sells 150,000 Shares of ManpowerGroup Inc. $MAN

Royce & Associates LP trimmed its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 17.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 705,000 shares of the business services provider’s stock after selling 150,000 shares during the period. Royce & Associates LP owned 1.52% of ManpowerGroup worth $39,184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAN. Maryland State Retirement & Pension System boosted its holdings in shares of ManpowerGroup by 52.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 10,343 shares of the business services provider’s stock valued at $575,000 after purchasing an additional 3,573 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of ManpowerGroup during the third quarter valued at about $1,477,000. Illinois Municipal Retirement Fund grew its position in shares of ManpowerGroup by 13.0% during the third quarter. Illinois Municipal Retirement Fund now owns 26,578 shares of the business services provider’s stock valued at $1,477,000 after purchasing an additional 3,052 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of ManpowerGroup by 13.0% in the third quarter. Pictet Asset Management Holding SA now owns 8,391 shares of the business services provider’s stock worth $466,000 after purchasing an additional 968 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of ManpowerGroup in the third quarter worth about $206,000. 98.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of ManpowerGroup in a research report on Wednesday, November 4th. UBS Group cut their price target on ManpowerGroup from $56.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, October 16th. BNP Paribas Exane cut ManpowerGroup from an “outperform” rating to a “neutral” rating and set a $52.50 price target for the company. in a report on Tuesday, November 3rd. Barclays lifted their price objective on ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. decreased their price objective on ManpowerGroup from $59.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 16th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.39.

ManpowerGroup Price Performance

MAN stock traded up $0.62 during trading on Friday, hitting $46.67. 442,707 shares of the company’s stock traded hands, compared to its average volume of 842,721. ManpowerGroup Inc. has a 52 week low of $25.15 and a 52 week high of $63.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.05. The business has a fifty day simple moving average of $51.27 and a 200 day simple moving average of $40.64. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.83 and a beta of 0.78.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, October 15th. The business services provider reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. ManpowerGroup had a net margin of 0.64% and a return on equity of 7.78%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the company posted $0.83 EPS. The business’s revenue was up 4.4% on a year-over-year basis. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. As a group, research analysts expect that ManpowerGroup Inc. will post 3.60 EPS for the current fiscal year.

ManpowerGroup Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a dividend yield of 313.0%. ManpowerGroup’s dividend payout ratio (DPR) is presently 56.92%.

ManpowerGroup Company Profile

ManpowerGroup Inc. is a global workforce solutions company that helps organizations find, manage and develop talent. Its services include permanent and temporary recruitment, staffing, workforce management, outsourcing and career-transition support. The company operates through brands including Manpower, Experis and Talent Solutions. These businesses serve employers and job seekers across a range of industries, offering services from general staffing and professional recruitment to technology talent and workforce development.