Capital Management Corp VA Boosts Stake in Interpublic Group of Companies, Inc. (The) (IPG)

Capital Management Corp VA increased its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511,230 shares of the business services provider’s stock after purchasing an additional 61,225 shares during the period. Interpublic Group of Companies, Inc. (The) makes up 3.0% of Capital Management Corp VA’s portfolio, making the stock its 7th biggest position. Capital Management Corp VA owned approximately 0.13% of Interpublic Group of Companies, Inc. (The) worth $10,628,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) by 755.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) by 35.6% during the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,254 shares in the last quarter. Exane Derivatives lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) by 181.3% during the 2nd quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 3,631 shares in the last quarter. Global X Management Co. LLC lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) by 15.4% during the 2nd quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 847 shares in the last quarter. Finally, First Bank & Trust lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) by 22.7% during the 2nd quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 1,296 shares in the last quarter. Institutional investors and hedge funds own 99.65% of the company’s stock.

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Several research firms have recently weighed in on IPG. Zacks Investment Research cut Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $29.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, July 14th. Morgan Stanley reiterated an “equal weight” rating and set a $24.00 price objective (down previously from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. Telsey Advisory Group cut their price objective on Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, July 26th. Finally, BidaskClub cut Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.77.

Interpublic Group of Companies, Inc. (NYSE IPG) traded down $0.09 during midday trading on Monday, reaching $18.84. The company’s stock had a trading volume of 1,660,000 shares, compared to its average volume of 7,100,000. The company has a market cap of $7,320.00, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.17 and a beta of 1.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. Interpublic Group of Companies, Inc. has a 12-month low of $18.81 and a 12-month high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.38% and a net margin of 7.43%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. sell-side analysts forecast that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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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Institutional Ownership by Quarter for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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