14,702 Shares in ManpowerGroup Inc. (NYSE:MAN) Acquired by Toronto Dominion Bank

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

Several other large investors have also recently bought and sold shares of the business. Barclays PLC lifted its position in shares of ManpowerGroup by 62.9% in the third quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock worth $11,387,000 after buying an additional 59,821 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of ManpowerGroup during the 4th quarter worth about $241,000. Crossmark Global Holdings Inc. increased its position in ManpowerGroup by 3.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 28,144 shares of the business services provider's stock worth $1,624,000 after buying an additional 849 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of ManpowerGroup by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the business services provider's stock worth $192,000 after buying an additional 990 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after acquiring an additional 778 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MAN. BMO Capital Markets reduced their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Wall Street Zen lowered ManpowerGroup from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. UBS Group cut their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $57.50.

ManpowerGroup Trading Up 1.7%

Shares of ManpowerGroup stock traded up $0.71 during trading on Tuesday, hitting $42.78. 496,680 shares of the company were exchanged, compared to its average volume of 668,858. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $1.98 billion, a P/E ratio of 14.31 and a beta of 1.09. The firm's fifty day moving average price is $47.59 and its 200 day moving average price is $55.09. ManpowerGroup Inc. has a 1-year low of $38.10 and a 1-year high of $78.22.

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

ManpowerGroup Cuts Dividend

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

ManpowerGroup Profile

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.