UBS Group Has Lowered Expectations for ManpowerGroup (NYSE:MAN) Stock Price

ManpowerGroup (NYSE:MAN) had its price objective reduced by UBS Group from $71.00 to $63.00 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

MAN has been the topic of a number of other reports. Truist Financial decreased their price objective on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research report on Friday, October 18th. BMO Capital Markets lowered their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research report on Friday, October 18th. Finally, Barclays cut their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, ManpowerGroup currently has a consensus rating of “Hold” and an average target price of $71.67.

ManpowerGroup Trading Up 0.4 %

Shares of MAN opened at $59.56 on Thursday. The stock has a market capitalization of $2.80 billion, a PE ratio of 75.39 and a beta of 1.46. The company’s fifty day moving average is $59.93 and its 200 day moving average is $66.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.15. ManpowerGroup has a fifty-two week low of $53.70 and a fifty-two week high of $78.87.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, October 17th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.48 billion. Sell-side analysts expect that ManpowerGroup will post 4.55 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $1.545 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a dividend yield of 10.38%. The ex-dividend date of this dividend was Monday, December 2nd. ManpowerGroup’s payout ratio is currently 389.88%.

Insider Buying and Selling

In related news, CFO John T. Mcginnis bought 8,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were 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 directly owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. The trade was a 12.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by insiders.

Institutional Trading of ManpowerGroup

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. increased its holdings in ManpowerGroup by 12,496.6% during the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after purchasing an additional 894,379 shares during the period. AQR Capital Management LLC increased its stake in shares of ManpowerGroup by 55.3% during the second quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock valued at $112,264,000 after buying an additional 573,027 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of ManpowerGroup by 480.1% in the third quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after acquiring an additional 268,866 shares in the last quarter. Millennium Management LLC lifted its stake in ManpowerGroup by 163.7% in the second quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock worth $28,476,000 after acquiring an additional 253,287 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in ManpowerGroup by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock worth $160,539,000 after acquiring an additional 103,059 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

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.