Toronto Dominion Bank Increases Holdings in ManpowerGroup (MAN)

Toronto Dominion Bank boosted its holdings in shares of ManpowerGroup (NYSE:MAN) by 243.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,853 shares of the business services provider’s stock after acquiring an additional 2,022 shares during the quarter. Toronto Dominion Bank’s holdings in ManpowerGroup were worth $336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in ManpowerGroup by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,032 shares of the business services provider’s stock worth $11,057,000 after acquiring an additional 906 shares during the period. Koch Industries Inc. acquired a new stake in ManpowerGroup during the 2nd quarter worth about $208,000. Mutual of America Capital Management LLC boosted its position in ManpowerGroup by 0.9% during the 3rd quarter. Mutual of America Capital Management LLC now owns 54,819 shares of the business services provider’s stock worth $6,459,000 after acquiring an additional 483 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in ManpowerGroup during the 2nd quarter worth about $1,374,000. Finally, Keybank National Association OH boosted its position in ManpowerGroup by 42.1% during the 2nd quarter. Keybank National Association OH now owns 13,777 shares of the business services provider’s stock worth $1,538,000 after acquiring an additional 4,080 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Shares of ManpowerGroup (NYSE MAN) opened at $128.14 on Friday. The stock has a market capitalization of $8,491.71, a PE ratio of 18.98 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.29. ManpowerGroup has a 1-year low of $84.98 and a 1-year high of $129.06.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.93 dividend. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, November 30th. ManpowerGroup’s payout ratio is 27.68%.

MAN has been the subject of a number of research reports. BMO Capital Markets restated a “buy” rating and set a $124.00 price objective on shares of ManpowerGroup in a research report on Friday, September 1st. BidaskClub lowered ManpowerGroup from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research lowered ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group reiterated a “neutral” rating and set a $126.00 price target (up from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd. Finally, Nomura lifted their price target on ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a report 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 a consensus rating of “Hold” and a consensus target price of $126.71.

In related news, Director Cari M. Dominguez sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total value of $63,145.00. Following the completion of the sale, the director now directly owns 16,990 shares in the company, valued at approximately $2,145,667.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gina Boswell sold 7,725 shares of ManpowerGroup stock in a transaction that occurred on Tuesday, October 24th. The stock was 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 directly owns 6,601 shares in the company, valued at $818,259.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,015 shares of company stock valued at $2,110,350. Corporate insiders own 0.87% of the company’s stock.

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ManpowerGroup Company Profile

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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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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