ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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’s holdings in ManpowerGroup were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position 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 valued at $37,000 after purchasing an additional 375 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of ManpowerGroup by 62.4% during the first 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 period. Headlands Technologies LLC purchased a new stake in shares of ManpowerGroup during the second quarter valued at $47,000. Advisors Asset Management Inc. acquired a new position in shares of ManpowerGroup in the 1st quarter valued at $49,000. Finally, Innealta Capital LLC purchased a new position in ManpowerGroup in the 2nd quarter worth $50,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Price Performance

NYSE:MAN opened at $62.48 on Monday. The stock has a market capitalization of $2.93 billion, a PE ratio of 79.09 and a beta of 1.46. ManpowerGroup Inc. has a 52 week low of $59.35 and a 52 week high of $80.25. 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 stock’s 50-day moving average price is $67.49 and its 200-day moving average price is $70.61.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, topping 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 analyst estimates 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 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 is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a yield of 9.89%. The ex-dividend date of this dividend is Monday, December 2nd. ManpowerGroup’s payout ratio is 389.88%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BMO Capital Markets dropped their price target 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. Truist Financial reduced 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 dropped their price objective on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, October 18th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $76.60.

Insider Buying and Selling at ManpowerGroup

In related news, CFO John T. Mcginnis bought 8,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the acquisition, the chief financial officer now directly owns 70,639 shares in the company, valued at approximately $4,399,396.92. This trade represents a 12.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.40% 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.