National Pension Service increased its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 9.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 472,578 shares of the business services provider’s stock after buying an additional 41,914 shares during the period. National Pension Service owned about 0.12% of Interpublic Group of Companies, Inc. (The) worth $11,673,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock valued at $135,000 after buying an additional 331 shares during the period. Global X Management Co. LLC boosted its stake in Interpublic Group of Companies, Inc. (The) by 29.9% in the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,266 shares during the period. First Bank & Trust bought a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter valued at about $140,000. Bronfman E.L. Rothschild L.P. boosted its stake in Interpublic Group of Companies, Inc. (The) by 120.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,285 shares of the business services provider’s stock valued at $179,000 after buying an additional 3,973 shares during the period. Finally, Morgan Dempsey Capital Management LLC boosted its stake in Interpublic Group of Companies, Inc. (The) by 77.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 7,427 shares of the business services provider’s stock valued at $182,000 after buying an additional 3,239 shares during the period. 98.40% of the stock is owned by institutional investors.
Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 21.31 on Monday. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 15.34 and a beta of 1.53. The company’s 50 day moving average is $24.21 and its 200 day moving average is $24.23. Interpublic Group of Companies, Inc. has a 1-year low of $20.94 and a 1-year high of $25.71.
Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.
IPG has been the subject of several research reports. Wells Fargo & Company reissued a “buy” rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, April 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $29.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Tuesday, April 11th. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Monday, April 17th. BMO Capital Markets reissued a “buy” rating and issued a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, May 22nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.21.
In related news, SVP Julie Connors sold 5,854 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total value of $142,018.04. Following the completion of the transaction, the senior vice president now owns 10,592 shares in the company, valued at $256,961.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.49% of the stock is owned by insiders.
About Interpublic Group of Companies, Inc. (The)
The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).
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