The Interpublic Group of Companies, Inc. (The) (IPG) Stake Decreased by Public Employees Retirement Association of Colorado

The Interpublic Group of Companies, Inc. (The) (IPG) Stake Decreased by Public Employees Retirement Association of Colorado

Several other institutional investors have also recently bought and sold shares of the company. First National Bank of Hutchinson raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 5.1% in the second quarter. First National Bank of Hutchinson now owns 17,143 shares of the business services provider’s stock valued at $380,000 after buying an additional 832 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 153.3% in the second quarter. Acadian Asset Management LLC now owns 1,004,815 shares of the business services provider’s stock valued at $24,720,000 after buying an additional 608,193 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 3.4% in the second quarter. Russell Investments Group Ltd. now owns 235,897 shares of the business services provider’s stock valued at $5,803,000 after buying an additional 7,787 shares during the last quarter. US Bancorp DE raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 49.5% in the second quarter. US Bancorp DE now owns 188,625 shares of the business services provider’s stock valued at $4,641,000 after buying an additional 62,496 shares during the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 0.6% in the second quarter. State Treasurer State of Michigan now owns 129,829 shares of the business services provider’s stock valued at $3,194,000 after buying an additional 800 shares during the last quarter. 98.19% of the stock is currently owned by hedge funds and other institutional investors.

Public Employees Retirement Association of Colorado decreased its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 0.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 635,848 shares of the business services provider’s stock after selling 342 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Interpublic Group of Companies, Inc. (The) were worth $15,642,000 at the end of the most recent quarter.

Interpublic Group of Companies, Inc. (NYSE IPG) opened at 21.74 on Wednesday. The company has a 50-day moving average of $24.21 and a 200-day moving average of $24.23. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 15.65 and a beta of 1.54. 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 released its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business posted $0.33 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. Analysts anticipate that Interpublic Group of Companies, Inc. will post $1.44 earnings per share for the current fiscal year.

IPG has been the subject of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Tuesday, April 11th. Wells Fargo & Company restated a “buy” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, April 12th. Wedbush restated an “outperform” rating and set a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Thursday, April 13th. 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 research note on Monday, April 17th. Finally, Evercore ISI initiated coverage on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, April 17th. They set an “outperform” rating and a $28.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $26.21.

In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of 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 transaction, the senior vice president now directly owns 10,592 shares in the company, valued at $256,961.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.49% of the stock is currently owned by company insiders.

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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