Insider Buying: ManpowerGroup Inc. (NYSE:MAN) CFO Buys $498,240.00 in Stock

ManpowerGroup Inc. (NYSE:MAN) CFO John T. Mcginnis bought 8,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the purchase, the chief financial officer now owns 70,639 shares of the company’s stock, valued at $4,399,396.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ManpowerGroup Stock Performance

Shares of NYSE:MAN opened at $62.91 on Friday. The business has a fifty day moving average of $70.96 and a 200-day moving average of $72.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. ManpowerGroup Inc. has a twelve month low of $61.53 and a twelve month high of $80.25. The firm has a market cap of $3.00 billion, a PE ratio of 64.86 and a beta of 1.45.

Institutional Investors Weigh In On ManpowerGroup

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its position in shares of ManpowerGroup by 179.7% during 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 in the last quarter. O Shaughnessy Asset Management LLC boosted its position in ManpowerGroup by 510.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 40,206 shares of the business services provider’s stock valued at $3,122,000 after buying an additional 33,623 shares during the last quarter. CWM LLC boosted its position in ManpowerGroup by 5,109.1% in the 2nd quarter. CWM LLC now owns 7,449 shares of the business services provider’s stock valued at $520,000 after buying an additional 7,306 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of ManpowerGroup by 140.0% in the 1st quarter. Quadrature Capital Ltd now owns 20,437 shares of the business services provider’s stock valued at $1,587,000 after buying an additional 11,921 shares during the period. Finally, Capital Research Global Investors raised its position in shares of ManpowerGroup by 2.2% during the first quarter. Capital Research Global Investors now owns 927,364 shares of the business services provider’s stock worth $72,001,000 after acquiring an additional 19,819 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BMO Capital Markets dropped their target price on 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 reduced their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Friday, October 18th. UBS Group dropped their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $76.60.

About ManpowerGroup

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.