New York State Common Retirement Fund Boosts Stake in ManpowerGroup Inc. (NYSE:MAN)

New York State Common Retirement Fund raised its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 336.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 177,103 shares of the business services provider's stock after acquiring an additional 136,532 shares during the period. New York State Common Retirement Fund owned about 0.38% of ManpowerGroup worth $10,251,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MAN. Raymond James Financial Inc. acquired a new position in ManpowerGroup in the 4th quarter valued at $875,000. PNC Financial Services Group Inc. lifted its position in shares of ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock worth $133,000 after buying an additional 587 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of ManpowerGroup by 89.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,218 shares of the business services provider's stock worth $301,000 after buying an additional 2,463 shares during the last quarter. Natixis Advisors LLC bought a new position in ManpowerGroup in the fourth quarter valued at about $6,489,000. Finally, Xponance Inc. raised its position in ManpowerGroup by 11.7% in the fourth quarter. Xponance Inc. now owns 7,446 shares of the business services provider's stock valued at $430,000 after purchasing an additional 782 shares during the last quarter. Institutional investors own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial dropped their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Wall Street Zen raised ManpowerGroup from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. decreased their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Finally, UBS Group increased their price target on ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, ManpowerGroup has an average rating of "Hold" and a consensus price target of $48.20.

ManpowerGroup Stock Down 2.3%

ManpowerGroup stock traded down $1.04 during mid-day trading on Friday, reaching $43.32. The stock had a trading volume of 1,183,716 shares, compared to its average volume of 746,087. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 0.98. ManpowerGroup Inc. has a fifty-two week low of $37.99 and a fifty-two week high of $77.85. The stock's 50-day simple moving average is $42.17 and its 200-day simple moving average is $50.00. The firm has a market capitalization of $2.00 billion, a PE ratio of -114.00 and a beta of 1.07.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.09. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the company earned $1.30 earnings per share. The company's revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts forecast that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup's dividend payout ratio (DPR) is currently 62.61%.

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.