ManpowerGroup Inc. (NYSE:MAN) CFO John T. Mcginnis Buys 8,000 Shares

ManpowerGroup Inc. (NYSE:MAN) CFO John T. Mcginnis acquired 8,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average cost of $62.28 per share, with a total value 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 trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

ManpowerGroup Price Performance

Shares of MAN opened at $62.28 on Thursday. ManpowerGroup Inc. has a twelve month low of $61.53 and a twelve month high of $80.25. The firm’s fifty day simple moving average is $71.26 and its 200-day simple moving average is $72.42. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 64.21 and a beta of 1.45. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. BMO Capital Markets decreased 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 report on Friday, October 18th. Truist Financial decreased their price target 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, UBS Group decreased 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. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $76.60.

Institutional Investors Weigh In On ManpowerGroup

Several hedge funds and other institutional investors have recently bought and sold shares of MAN. Blue Trust Inc. raised its stake in 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 acquiring an additional 375 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in ManpowerGroup by 62.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in ManpowerGroup during the 1st quarter worth $47,000. Headlands Technologies LLC acquired a new stake in ManpowerGroup during the 2nd quarter worth $47,000. Finally, Advisors Asset Management Inc. acquired a new position in ManpowerGroup in the first quarter valued at $49,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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.