Mutual of America Capital Management LLC Decreases Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Mutual of America Capital Management LLC trimmed its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,645 shares of the business services provider’s stock after selling 1,668 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of ManpowerGroup worth $1,885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Empowered Funds LLC grew its position in ManpowerGroup by 51.2% in the 3rd quarter. Empowered Funds LLC now owns 11,190 shares of the business services provider’s stock worth $823,000 after purchasing an additional 3,789 shares during the period. Alexander Randolph Advisory Inc. boosted its holdings in shares of ManpowerGroup by 2.3% in the third quarter. Alexander Randolph Advisory Inc. now owns 32,603 shares of the business services provider’s stock worth $2,397,000 after buying an additional 742 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of ManpowerGroup during the 3rd quarter worth $205,000. Entropy Technologies LP grew its position in shares of ManpowerGroup by 70.7% during the 3rd quarter. Entropy Technologies LP now owns 6,081 shares of the business services provider’s stock valued at $447,000 after acquiring an additional 2,519 shares during the period. Finally, Versor Investments LP increased its stake in shares of ManpowerGroup by 19.1% in the 3rd quarter. Versor Investments LP now owns 8,721 shares of the business services provider’s stock worth $641,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Trading Up 2.8 %

MAN stock opened at $62.48 on Monday. The firm has a fifty day moving average price of $67.49 and a 200 day moving average price of $70.61. ManpowerGroup Inc. has a fifty-two week low of $59.35 and a fifty-two week high of $80.25. The firm has a market cap of $2.93 billion, a PE ratio of 79.09 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.15.

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

ManpowerGroup Increases Dividend

The company also recently disclosed 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 represents a $6.18 annualized dividend and a yield of 9.89%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date is Monday, December 2nd. ManpowerGroup’s payout ratio is presently 389.88%.

Analysts Set New Price Targets

MAN has been the topic of several analyst reports. Truist Financial lowered their target price on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research report on Friday, October 18th. BMO Capital Markets cut their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Finally, UBS Group decreased their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, ManpowerGroup has a consensus rating of “Hold” and a consensus price target of $76.60.

Insider Buying and Selling at ManpowerGroup

In other ManpowerGroup news, CFO John T. Mcginnis purchased 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of $62.28 per share, with a total value of $498,240.00. Following the purchase, the chief financial officer now owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. The trade was a 12.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

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.