Teacher Retirement System of Texas Lowers Holdings in ManpowerGroup Inc. (NYSE:MAN)

Teacher Retirement System of Texas reduced its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,052 shares of the business services provider’s stock after selling 2,468 shares during the period. Teacher Retirement System of Texas’ holdings in ManpowerGroup were worth $640,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its stake in shares of ManpowerGroup by 1.6% during the 4th quarter. SummerHaven Investment Management LLC now owns 8,701 shares of the business services provider’s stock valued at $691,000 after buying an additional 138 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of ManpowerGroup by 54.8% in the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after purchasing an additional 160 shares during the period. Raymond James & Associates raised its holdings in shares of ManpowerGroup by 5.2% in the 4th quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock worth $280,000 after purchasing an additional 173 shares during the period. Covestor Ltd grew its holdings in shares of ManpowerGroup by 8.0% during the 3rd quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock worth $189,000 after purchasing an additional 190 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in ManpowerGroup by 6.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,038 shares of the business services provider’s stock worth $296,000 after purchasing an additional 235 shares in the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Trading Up 0.0 %

MAN opened at $74.66 on Friday. The stock has a market capitalization of $3.56 billion, a PE ratio of 76.97, a P/E/G ratio of 1.55 and a beta of 1.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.17. ManpowerGroup Inc. has a 12-month low of $67.35 and a 12-month high of $88.91. The firm’s fifty day moving average price is $75.10 and its 200 day moving average price is $75.19.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the firm earned $1.61 earnings per share. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. As a group, research analysts expect that ManpowerGroup Inc. will post 5 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be given a dividend of $1.54 per share. This represents a dividend yield of 3.8%. This is an increase from ManpowerGroup’s previous semi-annual dividend of $1.47. The ex-dividend date is Monday, June 3rd. ManpowerGroup’s payout ratio is 303.10%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. UBS Group dropped their target price on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Truist Financial upped their price target on ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets lifted their price objective on shares of ManpowerGroup from $81.00 to $84.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.00.

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.