TD Asset Management Inc. Reduces Stake in ManpowerGroup (MAN)
TD Asset Management Inc. lowered its position in shares of ManpowerGroup (NYSE:MAN) by 9.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,538 shares of the business services provider’s stock after selling 3,866 shares during the quarter. TD Asset Management Inc. owned about 0.06% of ManpowerGroup worth $4,305,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in ManpowerGroup by 27.6% in the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 200 shares in the last quarter. IFP Advisors Inc raised its stake in ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 116 shares in the last quarter. Harfst & Associates Inc. acquired a new position in ManpowerGroup in the second quarter valued at about $149,000. Calamos Advisors LLC acquired a new position in ManpowerGroup in the third quarter valued at about $203,000. Finally, Bank of Hawaii acquired a new position in ManpowerGroup in the third quarter valued at about $207,000. 94.66% of the stock is owned by institutional investors.
A number of research firms recently commented on MAN. BidaskClub raised ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. SunTrust Banks reaffirmed a “hold” rating and issued a $107.00 price target on shares of ManpowerGroup in a research note on Friday, October 20th. Zacks Investment Research downgraded ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Royal Bank Of Canada downgraded ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 28th. Finally, ValuEngine downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. ManpowerGroup has an average rating of “Hold” and a consensus target price of $126.71.
Shares of ManpowerGroup (NYSE:MAN) traded up $0.11 during midday trading on Thursday, reaching $125.12. The company’s stock had a trading volume of 383,100 shares, compared to its average volume of 558,464. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $8,284.23, a P/E ratio of 18.52 and a beta of 1.44. ManpowerGroup has a 12-month low of $87.83 and a 12-month high of $131.99.
ManpowerGroup (NYSE:MAN) last issued its earnings results on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.87 earnings per share. equities research analysts forecast that ManpowerGroup will post 6.9 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.93 per share. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.72 annualized dividend and a yield of 2.97%. ManpowerGroup’s payout ratio is presently 27.68%.
In other ManpowerGroup news, Director Gina Boswell sold 7,725 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $123.96, for a total transaction of $957,591.00. Following the completion of the transaction, the director now owns 6,601 shares of the company’s stock, valued at $818,259.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mara E. Swan sold 6,731 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $123.19, for a total value of $829,191.89. Following the transaction, the executive vice president now directly owns 31,416 shares of the company’s stock, valued at approximately $3,870,137.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,015 shares of company stock valued at $3,762,970. 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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