ManpowerGroup (MAN) Stake Lessened by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in ManpowerGroup (NYSE:MAN) by 26.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,786 shares of the business services provider’s stock after selling 57,202 shares during the period. Teacher Retirement System of Texas owned about 0.24% of ManpowerGroup worth $18,355,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MAN. Rhumbline Advisers lifted its stake in ManpowerGroup by 0.4% in the third quarter. Rhumbline Advisers now owns 124,354 shares of the business services provider’s stock valued at $14,651,000 after purchasing an additional 465 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in ManpowerGroup by 22.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 156,680 shares of the business services provider’s stock valued at $18,460,000 after purchasing an additional 29,091 shares during the last quarter. Toronto Dominion Bank lifted its stake in ManpowerGroup by 243.3% in the third quarter. Toronto Dominion Bank now owns 2,853 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 2,022 shares during the last quarter. Cabot Wealth Management Inc. lifted its stake in ManpowerGroup by 94.9% in the third quarter. Cabot Wealth Management Inc. now owns 56,595 shares of the business services provider’s stock valued at $6,668,000 after purchasing an additional 27,560 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in ManpowerGroup by 19.5% in the third quarter. Sei Investments Co. now owns 65,711 shares of the business services provider’s stock valued at $7,742,000 after purchasing an additional 10,701 shares during the last quarter. 95.25% of the stock is owned by institutional investors.

In other news, Director Gina Boswell sold 7,725 shares of the firm’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 transaction, the director now directly owns 6,601 shares of the company’s stock, valued at $818,259.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Richard Buchband sold 2,059 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $126.48, for a total value of $260,422.32. The disclosure for this sale can be found here. Insiders have sold 16,515 shares of company stock worth $2,047,205 over the last ninety days. Insiders own 0.87% of the company’s stock.

ManpowerGroup (MAN) traded down $1.36 on Thursday, reaching $124.62. The company had a trading volume of 493,800 shares, compared to its average volume of 572,380. The company has a market capitalization of $8,348.51, a PE ratio of 18.66 and a beta of 1.44. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. ManpowerGroup has a 1-year low of $84.72 and a 1-year high of $127.04.

ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, beating the Zacks’ 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 business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. equities research analysts predict that ManpowerGroup will post 6.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.93 per share. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Thursday, November 30th. ManpowerGroup’s dividend payout ratio (DPR) is 27.68%.

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MAN has been the topic of several research analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $124.00 price objective on shares of ManpowerGroup in a research note on Friday, September 1st. Credit Suisse Group restated a “neutral” rating and set a $126.00 target price (up previously from $111.00) on shares of ManpowerGroup in a research report on Monday, October 23rd. SunTrust Banks, Inc. restated a “hold” rating and set a $107.00 target price on shares of ManpowerGroup in a research report on Friday, October 20th. Zacks Investment Research downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Royal Bank Of Canada downgraded ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 28th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $126.71.

About ManpowerGroup

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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