Brokerages Set Interpublic Group of Companies, Inc. (The) (IPG) PT at $27.00

Paterniano Del Favero
Agosto 13, 2017

(The) (NYSE:IPG) by 0.1% during the second quarter, according to its most recent filing with the SEC. Fenimore Asset Management Inc. now owns 2,440,414 shares of the business services provider's stock valued at $59,961,000 after buying an additional 54,909 shares during the period. (The) were worth $30,773,000 as of its most recent SEC filing.

Several hedge funds have recently bought and sold shares of the company. National Pension Service increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 8.1% in the first quarter. Finally, Montag A & Associates Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. BlackRock Inc. now owns 35,267,293 shares of the business services provider's stock worth $866,520,000 after buying an additional 32,879,667 shares during the period. Exane Derivatives boosted its position in Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. MA raised its stake in shares of Interpublic Group of Companies, Inc. (The) during the first quarter valued at about $140,000. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider's stock valued at $111,000 after buying an additional 3,979 shares during the last quarter. Interpublic Group of Companies, Inc. (The) by 34.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider's stock worth $135,000 after buying an additional 331 shares during the last quarter. Institutional investors own 98.40% of the company's stock.

Interpublic Group of Companies, Inc. has a 12 month low of $20.65 and a 12 month high of $25.71. (NYSE IPG) traded down 0.53% during mid-day trading on Friday, hitting $20.67. The firm has a market capitalization of $8.13 billion, a P/E ratio of 14.88 and a beta of 1.53. The company has a 50 day moving average of $23.49 and a 200-day moving average of $24.09.

In other Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.34 by $0.07. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.95 billion. (The) had a net margin of 7.19% and a return on equity of 27.72%. The business's quarterly revenue was down 1.7% on a year-over-year basis. During the same period past year, the firm posted $0.33 earnings per share. On average, equities analysts predict that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year. Public Employees Retirement Association of Colorado owned about 0.16% of Interpublic Group of Companies, Inc. "(The) (NYSE:IPG)" was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another website, it was illegally copied and republished in violation of USA and worldwide trademark & copyright law.

IPG has been the topic of a number of other research reports. BidaskClub cut shares of Interpublic Group of Companies, Inc. (The) from a "hold" rating to a "buy" rating in a report on Thursday, June 29th.

Media coverage about Interpublic Group of Companies, Inc. (The) in a report on Monday, April 17th. They set an outperform rating and a $28.00 price target on the stock. Vaughan Nelson Investment Management L.P. raised its stake in shares of Interpublic Group of Companies, Inc. (The) from a "buy" rating to a "hold" rating in a report on Monday, July 31st. Royal Bank Of Canada restated a "buy" rating and issued a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) from a "neutral" rating to an "underweight" rating in a research note on Thursday, July 27th. Jefferies Group LLC reissued a "buy" rating and set a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, June 26th.

July 26 investment analysts at Morgan Stanley made no change to the stock rating of "Equal-Weight" but lowered the price expectation from $27.00 to $24.00. The company now has an average rating of "Hold" and an average target price of $26.21. (The) news, SVP Julie Connors sold 5,854 shares of Interpublic Group of Companies, Inc. The sale was disclosed in a filing with the SEC, which is available at this link. Regentatlantic Capital LLC now owns 45,202 shares of the business services provider's stock valued at $1,111,000 after buying an additional 3,374 shares during the period.

WARNING: "Interpublic Group of Companies, Inc". It has three global networks: McCann Worldgroup, Foote, Cone & Belding (FCB) and MullenLowe Group, which provide integrated, advertising and marketing solutions for clients. 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). As of the end of the quarter Dimensional Fund Advisors Lp had acquired 479,278 shares growing its holdings by 25.5%.

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