ManpowerGroup Inc. (NYSE:MAN) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 400.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,666 shares of the business services provider’s stock after buying an additional 1,333 shares during the quarter. Venturi Wealth Management LLC’s holdings in ManpowerGroup were worth $122,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MAN. Sei Investments Co. increased its holdings in ManpowerGroup by 14.1% in the 1st quarter. Sei Investments Co. now owns 58,241 shares of the business services provider’s stock valued at $4,522,000 after purchasing an additional 7,198 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of ManpowerGroup by 72.8% during the first quarter. Russell Investments Group Ltd. now owns 199,045 shares of the business services provider’s stock worth $15,453,000 after buying an additional 83,827 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of ManpowerGroup by 8.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 62,373 shares of the business services provider’s stock valued at $5,148,000 after buying an additional 4,698 shares in the last quarter. Trillium Asset Management LLC raised its holdings in shares of ManpowerGroup by 2.3% in the 1st quarter. Trillium Asset Management LLC now owns 45,872 shares of the business services provider’s stock valued at $3,562,000 after buying an additional 1,021 shares during the period. Finally, M&G Plc acquired a new position in ManpowerGroup during the 1st quarter worth about $4,573,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ManpowerGroup

In related news, CFO John T. Mcginnis purchased 8,000 shares of ManpowerGroup stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of $62.28 per share, with a total value of $498,240.00. Following the completion of the transaction, the chief financial officer now directly owns 70,639 shares in the company, valued at approximately $4,399,396.92. The trade was a 0.00 % 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. Insiders own 2.40% of the company’s stock.

ManpowerGroup Trading Up 0.6 %

Shares of NYSE:MAN opened at $63.80 on Thursday. ManpowerGroup Inc. has a 52 week low of $61.53 and a 52 week high of $80.25. The company’s 50 day moving average is $68.71 and its two-hundred day moving average is $71.36. The company has a market cap of $2.99 billion, a PE ratio of 80.76 and a beta of 1.46. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate 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 return on equity of 11.05% and a net margin of 0.21%. Equities analysts predict that ManpowerGroup Inc. will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $1.545 dividend. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a yield of 9.69%. The ex-dividend date of this dividend is Monday, December 2nd. ManpowerGroup’s dividend payout ratio is currently 389.88%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MAN shares. UBS Group cut their price target on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research note 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 report on Friday, October 18th. JPMorgan Chase & Co. dropped their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Finally, BMO Capital Markets reduced their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $76.60.

ManpowerGroup 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.