FORA Capital LLC Invests $636,000 in ManpowerGroup Inc. (NYSE:MAN)

FORA Capital LLC bought a new stake in ManpowerGroup Inc. (NYSE:MAN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,654 shares of the business services provider’s stock, valued at approximately $636,000.

A number of other large investors have also added to or reduced their stakes in MAN. Blue Trust Inc. boosted 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 purchasing an additional 375 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in ManpowerGroup by 62.4% in the 1st 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 last quarter. Advisors Asset Management Inc. purchased a new stake in ManpowerGroup in the first quarter worth approximately $49,000. Headlands Technologies LLC bought a new position in ManpowerGroup during the second quarter valued at approximately $47,000. Finally, Innealta Capital LLC purchased a new position in shares of ManpowerGroup during the second quarter worth approximately $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 business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average price of $62.28 per share, for a total transaction 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 approximately $4,399,396.92. The trade was a 12.77 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.00% of the company’s stock.

ManpowerGroup Trading Up 0.7 %

NYSE:MAN opened at $64.56 on Friday. The firm has a market capitalization of $3.03 billion, a P/E ratio of 81.71 and a beta of 1.46. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $66.99 and a 200 day moving average of $70.40. ManpowerGroup Inc. has a 52 week low of $59.35 and a 52 week high of $80.25.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.48 billion. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. On average, research analysts predict 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. Stockholders of record on Monday, December 2nd will be given a $1.545 dividend. 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 9.57%. The ex-dividend date is Monday, December 2nd. ManpowerGroup’s dividend payout ratio (DPR) is currently 389.88%.

Analyst Upgrades and Downgrades

MAN has been the subject of a number of research reports. UBS Group cut their price objective on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. Truist Financial lowered their price target 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. Finally, BMO Capital Markets reduced their price objective 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. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $76.60.

About ManpowerGroup

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.