9,034 Shares in ManpowerGroup Inc. (NYSE:MAN) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,034 shares of the business services provider’s stock, valued at approximately $664,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAN. Commerce Bank increased its position in shares of ManpowerGroup by 4.1% in the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock valued at $314,000 after acquiring an additional 167 shares during the period. Abich Financial Wealth Management LLC grew its stake in ManpowerGroup by 34.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 203 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of ManpowerGroup by 2.3% in the second quarter. SummerHaven Investment Management LLC now owns 9,029 shares of the business services provider’s stock valued at $630,000 after purchasing an additional 207 shares during the period. State of Alaska Department of Revenue raised its stake in shares of ManpowerGroup by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock worth $405,000 after purchasing an additional 235 shares during the last quarter. Finally, Impact Partnership Wealth LLC lifted its holdings in shares of ManpowerGroup by 9.8% during the third quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock worth $271,000 after purchasing an additional 329 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

MAN opened at $61.18 on Friday. The stock has a market cap of $2.87 billion, a P/E ratio of 77.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a fifty day moving average price of $64.46 and a 200 day moving average price of $69.26. ManpowerGroup Inc. has a 1 year low of $59.35 and a 1 year high of $80.25.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data 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 business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.48 billion. Equities research analysts anticipate that ManpowerGroup Inc. will post 4.55 earnings per share for the current year.

ManpowerGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued 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 10.10%. The ex-dividend date of this dividend is Monday, December 2nd. ManpowerGroup’s dividend payout ratio (DPR) is presently 389.87%.

Insider Activity

In related news, CFO John T. Mcginnis bought 8,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average price of $62.28 per share, with a total value 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 approximately $4,399,396.92. This trade represents a 12.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MAN shares. UBS Group reduced their price target 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. Truist Financial decreased their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Friday, October 18th. Finally, BMO Capital Markets cut their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. 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, the stock currently has a consensus rating of “Hold” and an average target price of $76.60.

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.