ManpowerGroup Inc. (NYSE:MAN) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP boosted its position in ManpowerGroup Inc. (NYSE:MAN) by 70.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,081 shares of the business services provider’s stock after purchasing an additional 2,519 shares during the period. Entropy Technologies LP’s holdings in ManpowerGroup were worth $447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 375 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in ManpowerGroup by 62.4% during the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 224 shares during the last quarter. Headlands Technologies LLC acquired a new stake in ManpowerGroup during the second quarter valued at approximately $47,000. Advisors Asset Management Inc. bought a new stake in ManpowerGroup during the first quarter worth approximately $49,000. Finally, Innealta Capital LLC acquired a new position in ManpowerGroup in the second quarter worth approximately $50,000. 98.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

ManpowerGroup Stock Performance

Shares of ManpowerGroup stock opened at $61.70 on Friday. ManpowerGroup Inc. has a 12 month low of $61.35 and a 12 month high of $80.25. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2.90 billion, a PE ratio of 78.10 and a beta of 1.46. The business has a fifty day simple moving average of $68.39 and a 200-day simple moving average of $71.20.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $4.53 billion during 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%. On average, sell-side analysts anticipate that ManpowerGroup Inc. will post 4.55 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.545 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a yield of 10.02%. ManpowerGroup’s payout ratio is presently 389.88%.

Insider Buying and Selling at ManpowerGroup

In other news, CFO John T. Mcginnis bought 8,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the completion of the purchase, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at $4,399,396.92. This trade represents a 12.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

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.