ManpowerGroup Inc. (NYSE:MAN) Shares Purchased by Alexander Randolph Advisory Inc.

Alexander Randolph Advisory Inc. raised its stake in ManpowerGroup Inc. (NYSE:MAN) by 2.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 32,603 shares of the business services provider’s stock after purchasing an additional 742 shares during the quarter. ManpowerGroup comprises about 2.1% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 17th biggest position. Alexander Randolph Advisory Inc.’s holdings in ManpowerGroup were worth $2,397,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in shares of ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after acquiring an additional 375 shares during the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of ManpowerGroup by 62.4% during the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after buying an additional 224 shares during the period. Headlands Technologies LLC acquired a new stake in shares of ManpowerGroup in the second quarter valued at $47,000. Advisors Asset Management Inc. acquired a new stake in shares of ManpowerGroup in the first quarter valued at $49,000. Finally, Innealta Capital LLC purchased a new stake in shares of ManpowerGroup in the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Insider Activity

In related news, CFO John T. Mcginnis purchased 8,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average price of $62.28 per share, with a total value of $498,240.00. Following the completion of the acquisition, the chief financial officer now directly owns 70,639 shares in the company, valued at $4,399,396.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

ManpowerGroup Stock Performance

Shares of MAN traded up $0.63 during midday trading on Wednesday, reaching $64.04. 38,015 shares of the stock were exchanged, compared to its average volume of 433,126. ManpowerGroup Inc. has a twelve month low of $61.53 and a twelve month high of $80.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.14. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 80.24 and a beta of 1.46. The business’s 50-day moving average price is $68.89 and its 200 day moving average price is $71.41.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. The company 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%. On average, sell-side analysts expect that ManpowerGroup Inc. will post 4.55 EPS for the current fiscal 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 paid a $1.545 dividend. The ex-dividend date of this dividend is Monday, December 2nd. 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 yield of 9.65%. ManpowerGroup’s payout ratio is currently 389.88%.

Analyst Upgrades and Downgrades

MAN has been the subject of several research reports. UBS Group dropped their target price on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research report on Friday, October 18th. BMO Capital Markets dropped their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. JPMorgan Chase & Co. decreased their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Finally, Truist Financial cut 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. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, ManpowerGroup presently has a consensus rating of “Hold” and an average price target 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.