Mutual of America Capital Management LLC Has $1.40 Million Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Mutual of America Capital Management LLC reduced its stake in ManpowerGroup Inc. (NYSE:MAN) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,156 shares of the business services provider’s stock after selling 637 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of ManpowerGroup worth $1,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Colonial Trust Co SC acquired a new position in shares of ManpowerGroup in the fourth quarter worth approximately $28,000. Fifth Third Bancorp lifted its stake in shares of ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock worth $43,000 after acquiring an additional 243 shares during the period. GAMMA Investing LLC lifted its stake in shares of ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock worth $43,000 after acquiring an additional 488 shares during the period. UMB Bank n.a. lifted its stake in shares of ManpowerGroup by 131.7% in the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider’s stock worth $52,000 after acquiring an additional 511 shares during the period. Finally, WFA Asset Management Corp lifted its stake in shares of ManpowerGroup by 129.3% in the first quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider’s stock worth $80,000 after acquiring an additional 776 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

Shares of MAN opened at $43.32 on Monday. ManpowerGroup Inc. has a 52-week low of $37.99 and a 52-week high of $77.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 0.98. The business’s 50 day moving average price is $42.17 and its two-hundred day moving average price is $49.95. The firm has a market cap of $2.00 billion, a PE ratio of -114.00 and a beta of 1.07.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $1.30 earnings per share. ManpowerGroup’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.72 per share. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 2nd. ManpowerGroup’s payout ratio is -378.95%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. UBS Group boosted 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. Wall Street Zen raised ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Truist Financial dropped their price target on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. Finally, BMO Capital Markets dropped their price target on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $48.20.

ManpowerGroup 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.