ManpowerGroup Inc. (NYSE:MAN) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its position in ManpowerGroup Inc. (NYSE:MAN) by 12,496.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 901,536 shares of the business services provider’s stock after acquiring an additional 894,379 shares during the quarter. Pacer Advisors Inc.’s holdings in ManpowerGroup were worth $66,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Tidal Investments LLC grew its position in shares of ManpowerGroup by 179.7% in the first quarter. Tidal Investments LLC now owns 17,327 shares of the business services provider’s stock valued at $1,345,000 after purchasing an additional 11,132 shares during the last quarter. CWM LLC raised its position in shares of ManpowerGroup by 5,109.1% in the 2nd quarter. CWM LLC now owns 7,449 shares of the business services provider’s stock valued at $520,000 after purchasing an additional 7,306 shares in the last quarter. Quadrature Capital Ltd grew its stake in ManpowerGroup by 140.0% in the first quarter. Quadrature Capital Ltd now owns 20,437 shares of the business services provider’s stock worth $1,587,000 after purchasing an additional 11,921 shares in the last quarter. Capital Research Global Investors increased its stake in ManpowerGroup by 2.2% during the first quarter. Capital Research Global Investors now owns 927,364 shares of the business services provider’s stock valued at $72,001,000 after purchasing an additional 19,819 shares during the last quarter. Finally, Burney Co. raised its position in shares of ManpowerGroup by 2.0% during the 1st quarter. Burney Co. now owns 17,607 shares of the business services provider’s stock worth $1,367,000 after purchasing an additional 353 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

Insider Activity

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

ManpowerGroup Trading Up 0.7 %

NYSE:MAN opened at $60.80 on Friday. The stock has a fifty day simple moving average of $67.67 and a 200 day simple moving average of $70.80. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 76.96 and a beta of 1.46. ManpowerGroup Inc. has a 1-year low of $59.35 and a 1-year high of $80.25. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.

ManpowerGroup (NYSE:MAN) last announced its 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. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Sell-side analysts forecast that ManpowerGroup Inc. will post 4.55 earnings per share for the current year.

ManpowerGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.545 per share. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a yield of 10.16%. The ex-dividend date is Monday, December 2nd. ManpowerGroup’s payout ratio is 389.88%.

Wall Street Analyst Weigh In

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