Toronto Dominion Bank Invests $849,000 in ManpowerGroup Inc. (NYSE:MAN)

Toronto Dominion Bank bought a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,702 shares of the business services provider's stock, valued at approximately $849,000.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of ManpowerGroup by 62.9% in the 3rd quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock worth $11,387,000 after acquiring an additional 59,821 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of ManpowerGroup in the fourth quarter worth $241,000. Crossmark Global Holdings Inc. boosted its position in ManpowerGroup by 3.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 28,144 shares of the business services provider's stock valued at $1,624,000 after purchasing an additional 849 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in ManpowerGroup by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the business services provider's stock valued at $192,000 after purchasing an additional 990 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after purchasing an additional 778 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Stock Down 0.0%

Shares of ManpowerGroup stock traded down $0.01 during trading hours on Thursday, reaching $41.90. 99,478 shares of the company's stock were exchanged, compared to its average volume of 667,431. The company has a 50 day moving average of $46.94 and a two-hundred day moving average of $54.92. ManpowerGroup Inc. has a fifty-two week low of $38.10 and a fifty-two week high of $78.22. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.94 billion, a P/E ratio of 14.01 and a beta of 1.09.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The business had revenue of $698.30 million for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the company earned $0.94 earnings per share. On average, sell-side analysts forecast that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.72 per share. This represents a dividend yield of 3.5%. The ex-dividend date is Monday, June 2nd. ManpowerGroup's dividend payout ratio is presently 62.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MAN shares. UBS Group dropped their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Wall Street Zen downgraded ManpowerGroup from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Truist Financial lowered their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Finally, BMO Capital Markets lowered their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $57.50.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.