New York State Teachers Retirement System Has $11.16 Million Stake in ManpowerGroup (MAN)

New York State Teachers Retirement System reduced its stake in ManpowerGroup (NYSE:MAN) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,847 shares of the business services provider’s stock after selling 1,500 shares during the period. New York State Teachers Retirement System’s holdings in ManpowerGroup were worth $11,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in ManpowerGroup during the first quarter valued at about $101,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in ManpowerGroup by 31.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,255 shares of the business services provider’s stock valued at $129,000 after buying an additional 300 shares during the period. Parametrica Management Ltd acquired a new position in ManpowerGroup during the first quarter valued at about $201,000. Curbstone Financial Management Corp acquired a new position in ManpowerGroup during the first quarter valued at about $205,000. Finally, Papp L Roy & Associates acquired a new position in ManpowerGroup during the first quarter valued at about $205,000. 96.40% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

Shares of ManpowerGroup (NYSE:MAN) traded up 0.80% during mid-day trading on Friday, reaching $107.44. 365,544 shares of the company’s stock traded hands. The stock has a market cap of $7.21 billion, a PE ratio of 16.73 and a beta of 1.38. The firm has a 50 day moving average price of $103.12 and a 200-day moving average price of $97.64. ManpowerGroup has a 12 month low of $57.26 and a 12 month high of $107.54.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Friday, April 21st. The business services provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.11 by $0.02. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.69 billion. ManpowerGroup had a net margin of 2.25% and a return on equity of 17.72%. ManpowerGroup’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. On average, analysts predict that ManpowerGroup will post $6.57 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This is a boost from ManpowerGroup’s previous semiannual dividend of $0.86. This represents a dividend yield of 1.8%. ManpowerGroup’s payout ratio is presently 28.93%.

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Several research analysts recently issued reports on MAN shares. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, February 28th. Royal Bank of Canada reissued a “hold” rating and issued a $101.00 price target on shares of ManpowerGroup in a research report on Thursday, March 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $88.27.

In other news, SVP Richard Buchband sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $103.00, for a total value of $103,000.00. Following the completion of the transaction, the senior vice president now directly owns 5,134 shares in the company, valued at approximately $528,802. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by insiders.

About ManpowerGroup

ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.

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