Public Employees Retirement System of Ohio Has $1.52 Million Position in ManpowerGroup Inc. (NYSE:MAN)

Public Employees Retirement System of Ohio lowered its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,731 shares of the business services provider’s stock after selling 1,224 shares during the period. Public Employees Retirement System of Ohio’s holdings in ManpowerGroup were worth $1,524,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Commerce Bank boosted its stake in shares of ManpowerGroup by 4.1% during the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock valued at $314,000 after buying an additional 167 shares during the period. Abich Financial Wealth Management LLC boosted its stake in shares of ManpowerGroup by 34.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock valued at $55,000 after buying an additional 203 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of ManpowerGroup by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,029 shares of the business services provider’s stock valued at $630,000 after buying an additional 207 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of ManpowerGroup by 4.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock valued at $405,000 after buying an additional 235 shares during the period. Finally, Impact Partnership Wealth LLC boosted its stake in shares of ManpowerGroup by 9.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock valued at $271,000 after buying an additional 329 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of MAN opened at $57.20 on Thursday. The company has a market capitalization of $2.68 billion, a PE ratio of 72.41 and a beta of 1.45. ManpowerGroup Inc. has a one year low of $57.04 and a one year high of $80.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. The company’s fifty day moving average price is $63.72 and its 200 day moving average price is $68.95.

ManpowerGroup (NYSE:MAN) last announced its 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. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.48 billion. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. As a group, analysts expect that ManpowerGroup Inc. will post 4.55 earnings per share for the current year.

ManpowerGroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $1.545 dividend. This represents a $6.18 annualized dividend and a yield of 10.80%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, December 2nd. ManpowerGroup’s dividend payout ratio (DPR) is currently 389.87%.

Insiders Place Their Bets

In related news, CFO John T. Mcginnis purchased 8,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were bought at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the transaction, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. This trade represents a 12.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MAN shares. Truist Financial cut their price target on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Friday, October 18th. UBS Group cut their price target 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. Finally, BMO Capital Markets cut their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a report on Friday, October 18th. Six research 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 stock has a consensus rating of “Hold” and an average price target of $76.60.

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.