ManpowerGroup (NYSE:MAN) Hits New 1-Year Low – Time to Sell?

ManpowerGroup Inc. (NYSE:MAN)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $54.88 and last traded at $55.28, with a volume of 36209 shares trading hands. The stock had previously closed at $56.58.

Analyst Ratings Changes

A number of equities analysts have issued reports on MAN shares. UBS Group lowered their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, October 18th. Truist Financial dropped their price target 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. Barclays reduced their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. Finally, BMO Capital Markets cut 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.00.

ManpowerGroup Price Performance

The stock’s fifty day moving average price is $61.04 and its 200-day moving average price is $67.44. The firm has a market cap of $2.59 billion, a PE ratio of 69.90 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating 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. As a group, equities analysts expect that ManpowerGroup Inc. will post 4.55 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $1.545 per share. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 11.19%. ManpowerGroup’s dividend payout ratio (DPR) is presently 389.87%.

Insiders Place Their Bets

In other news, CFO John T. Mcginnis purchased 8,000 shares of the company’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 purchase, the chief financial officer now directly owns 70,639 shares in the company, valued at approximately $4,399,396.92. This represents a 12.77 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On ManpowerGroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of ManpowerGroup by 248.3% during 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 during the period. Headlands Technologies LLC purchased a new position in ManpowerGroup during the second quarter worth about $47,000. Capital Performance Advisors LLP acquired a new stake in shares of ManpowerGroup during the third quarter valued at about $54,000. Abich Financial Wealth Management LLC raised its stake in shares of ManpowerGroup by 34.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 203 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of ManpowerGroup by 400.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock worth $122,000 after acquiring an additional 1,333 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

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.