ManpowerGroup Inc. $MAN Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. lessened its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 66.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,401 shares of the business services provider’s stock after selling 18,600 shares during the quarter. Summit Investment Advisors Inc.’s holdings in ManpowerGroup were worth $544,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAN. Fox Run Management L.L.C. purchased a new position in ManpowerGroup during the 2nd quarter worth $347,000. Huntington National Bank increased its stake in shares of ManpowerGroup by 41.6% during the second quarter. Huntington National Bank now owns 997 shares of the business services provider’s stock worth $40,000 after acquiring an additional 293 shares during the period. GAM Holding AG purchased a new position in ManpowerGroup during the second quarter worth about $404,000. KLCM Advisors Inc. lifted its position in ManpowerGroup by 78.9% in the second quarter. KLCM Advisors Inc. now owns 548,108 shares of the business services provider’s stock valued at $22,144,000 after purchasing an additional 241,679 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in ManpowerGroup by 24.8% in the second quarter. Teacher Retirement System of Texas now owns 121,122 shares of the business services provider’s stock valued at $4,893,000 after purchasing an additional 24,039 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $28.78 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 1.00. The business’s fifty day moving average price is $35.41 and its two-hundred day moving average price is $39.70. The stock has a market cap of $1.33 billion, a PE ratio of -61.23 and a beta of 1.06. ManpowerGroup Inc. has a one year low of $27.58 and a one year high of $65.17.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, October 16th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.60 billion. ManpowerGroup had a negative net margin of 0.12% and a positive return on equity of 7.02%. ManpowerGroup’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 earnings per share. ManpowerGroup has set its Q4 2025 guidance at 0.780-0.88 EPS. On average, analysts forecast that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.72 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 521.0%. ManpowerGroup’s payout ratio is currently -306.38%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays dropped their target price on ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of ManpowerGroup in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. The Goldman Sachs Group lowered their price target on shares of ManpowerGroup from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Friday, October 17th. Finally, Truist Financial reduced their price objective on shares of ManpowerGroup from $48.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $41.33.

ManpowerGroup 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.