Oregon Public Employees Retirement Fund increased its holdings in shares of ManpowerGroup (NYSE:MAN) by 21.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,598 shares of the business services provider’s stock after buying an additional 7,171 shares during the period. Oregon Public Employees Retirement Fund owned 0.06% of ManpowerGroup worth $4,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Synovus Financial Corp raised its stake in shares of ManpowerGroup by 0.3% during the second quarter. Synovus Financial Corp now owns 3,273 shares of the business services provider’s stock worth $360,000 after buying an additional 9 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in shares of ManpowerGroup by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 17,669 shares of the business services provider’s stock worth $1,973,000 after buying an additional 46 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of ManpowerGroup by 2.1% during the second quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock worth $319,000 after buying an additional 59 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of ManpowerGroup by 0.4% during the second quarter. State Treasurer State of Michigan now owns 27,630 shares of the business services provider’s stock worth $3,085,000 after buying an additional 100 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in shares of ManpowerGroup by 0.8% during the second quarter. Utah Retirement Systems now owns 12,318 shares of the business services provider’s stock worth $1,375,000 after buying an additional 100 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

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MAN has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $124.00 target price on shares of ManpowerGroup in a research note on Friday, September 1st. BidaskClub downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Zacks Investment Research downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $126.00 target price (up previously from $111.00) on shares of ManpowerGroup in a research note on Monday, October 23rd. Finally, Nomura upped their target price on shares of ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $126.71.

In other news, Director Gina Boswell sold 7,725 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $123.96, for a total value of $957,591.00. Following the completion of the transaction, the director now owns 6,601 shares in the company, valued at $818,259.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mara E. Swan sold 2,393 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $109.18, for a total transaction of $261,267.74. Following the completion of the transaction, the executive vice president now owns 27,078 shares of the company’s stock, valued at approximately $2,956,376.04. The disclosure for this sale can be found here. Insiders sold 16,849 shares of company stock valued at $2,048,051 in the last quarter. Corporate insiders own 0.87% of the company’s stock.

ManpowerGroup (NYSE:MAN) opened at $123.63 on Friday. The firm has a market cap of $8,319.35, a P/E ratio of 18.60 and a beta of 1.44. ManpowerGroup has a 1-year low of $80.60 and a 1-year high of $126.40. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.17.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.87 earnings per share. sell-side analysts expect that ManpowerGroup will post 6.9 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, November 30th. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86. ManpowerGroup’s dividend payout ratio is 27.68%.

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.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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