Alliancebernstein L.P. Buys 5,432 Shares of ManpowerGroup Inc. (NYSE:MAN)

Alliancebernstein L.P. raised its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,447 shares of the business services provider's stock after buying an additional 5,432 shares during the period. Alliancebernstein L.P. owned about 0.19% of ManpowerGroup worth $5,221,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of ManpowerGroup during the fourth quarter valued at approximately $34,200,000. Norges Bank bought a new position in ManpowerGroup in the 4th quarter worth $27,706,000. Prudential Financial Inc. lifted its position in shares of ManpowerGroup by 111.7% in the 4th quarter. Prudential Financial Inc. now owns 364,515 shares of the business services provider's stock worth $21,040,000 after purchasing an additional 192,345 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of ManpowerGroup by 34.5% during the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock valued at $43,189,000 after purchasing an additional 191,901 shares in the last quarter. Finally, KLCM Advisors Inc. increased its position in shares of ManpowerGroup by 153.9% during the fourth quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider's stock valued at $17,119,000 after buying an additional 179,788 shares during the period. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Stock Down 19.0 %

ManpowerGroup stock traded down $9.39 during trading hours on Friday, hitting $40.12. The stock had a trading volume of 2,955,433 shares, compared to its average volume of 596,826. The stock's 50-day moving average price is $55.82 and its 200-day moving average price is $59.87. The stock has a market capitalization of $1.88 billion, a P/E ratio of 13.42 and a beta of 1.28. ManpowerGroup Inc. has a 12-month low of $39.87 and a 12-month high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share 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 firm had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Equities research analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MAN. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Truist Financial dropped their target price on shares of ManpowerGroup from $70.00 to $55.00 and set a "hold" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, UBS Group decreased their target price on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $65.00.

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.