New York State Common Retirement Fund reduced its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,624 shares of the business services provider’s stock after selling 9,603 shares during the period. New York State Common Retirement Fund owned about 0.22% of ManpowerGroup worth $9,579,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. California Public Employees Retirement System increased its stake in ManpowerGroup by 3.0% during the 3rd quarter. California Public Employees Retirement System now owns 139,901 shares of the business services provider’s stock worth $10,259,000 after buying an additional 4,029 shares during the period. First Trust Advisors LP increased its position in shares of ManpowerGroup by 5.0% during the third quarter. First Trust Advisors LP now owns 437,360 shares of the business services provider’s stock worth $32,072,000 after acquiring an additional 20,912 shares during the last quarter. American International Group Inc. lifted its stake in shares of ManpowerGroup by 7.8% in the third quarter. American International Group Inc. now owns 132,503 shares of the business services provider’s stock worth $9,716,000 after acquiring an additional 9,619 shares in the last quarter. Mackay Shields LLC boosted its holdings in ManpowerGroup by 0.3% in the third quarter. Mackay Shields LLC now owns 283,705 shares of the business services provider’s stock valued at $20,804,000 after purchasing an additional 938 shares during the last quarter. Finally, Ironvine Capital Partners LLC acquired a new stake in ManpowerGroup during the 3rd quarter valued at approximately $208,000. Institutional investors and hedge funds own 93.32% of the company’s stock.

Shares of NYSE MAN opened at $86.61 on Friday. ManpowerGroup Inc. has a 1 year low of $49.57 and a 1 year high of $100.99. The firm has a market cap of $4.98 billion, a P/E ratio of 60.15, a PEG ratio of 15.15 and a beta of 2.00. The stock has a fifty day moving average price of $75.93 and a two-hundred day moving average price of $72.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.50 and a current ratio of 1.48.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Tuesday, October 20th. The business services provider reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.57. ManpowerGroup had a return on equity of 9.72% and a net margin of 0.47%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the business posted $1.93 earnings per share. The company’s quarterly revenue was down 12.7% on a year-over-year basis. On average, research analysts predict that ManpowerGroup Inc. will post 3.24 earnings per share for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $1.17 per share. This represents a yield of 2.7%. The ex-dividend date is Monday, November 30th. This is an increase from ManpowerGroup’s previous Semi-Annual dividend of $1.09. ManpowerGroup’s dividend payout ratio (DPR) is 29.26%.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of ManpowerGroup from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $76.00 to $88.00 in a research report on Wednesday, October 21st. Truist raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $90.00 in a research report on Monday, September 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $78.25.

ManpowerGroup Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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