How to add target selection icon on floor under player?

Hi all,

I am attempting to create a visual target under my player character that always stays on the floor like This Image, not sure how I can accomplish this. The best I can do is get an actor with the target material to stick to the players feet, this is problematic when jumping as the target stays with the base of my player and not on the floor.

Has anyone manage to achieve this and could show me how/a tutorial/example? that would be great.