Forward Management LLC Acquires 1,105 Shares of Interpublic Group of Companies, Inc. (The) (IPG)

Forward Management LLC raised its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,607 shares of the business services provider’s stock after buying an additional 1,105 shares during the period. Forward Management LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $975,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. 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 worth $135,000 after buying an additional 1,266 shares during the period. 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 worth $135,000 after buying an additional 331 shares during the period. Exane Derivatives boosted its stake in Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after buying an additional 3,631 shares during the period. First Bank & Trust purchased a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter worth about $140,000. Finally, 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 worth $179,000 after buying an additional 3,973 shares during the period. Hedge funds and other institutional investors own 98.40% of the company’s stock.

Interpublic Group of Companies, Inc. (IPG) opened at 20.78 on Friday. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 14.96 and a beta of 1.53. The stock’s 50 day moving average is $23.59 and its 200-day moving average is $24.11. Interpublic Group of Companies, Inc. has a 12 month low of $20.75 and a 12 month high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the 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. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. On average, analysts anticipate that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, June 22nd. Royal Bank Of Canada set a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, June 12th. BMO Capital Markets restated an “outperform” rating and set a $26.00 price target (down from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, May 22nd. Finally, Telsey Advisory Group decreased their price target on shares of Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s 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 dated Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total transaction of $142,018.04. Following the completion of the sale, the senior vice president now owns 10,592 shares of the company’s stock, valued at approximately $256,961.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (The) Company Profile

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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Institutional Ownership by Quarter for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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