Interpublic Group of Companies, Inc. (The) (IPG) Stake Lessened by Gotham Asset Management LLC

Gotham Asset Management LLC cut its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 43.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,528 shares of the business services provider’s stock after selling 408,209 shares during the period. Gotham Asset Management LLC owned approximately 0.13% of Interpublic Group of Companies, Inc. (The) worth $13,026,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its position in 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 worth $111,000 after acquiring an additional 3,979 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. raised its position in shares of Interpublic Group of Companies, Inc. (The) by 35.6% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,254 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Interpublic Group of Companies, Inc. (The) by 29.9% during 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 last quarter. Van ECK Associates Corp raised its position in shares of Interpublic Group of Companies, Inc. (The) by 6.4% during 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 last quarter. Finally, Exane Derivatives raised its position in shares of Interpublic Group of Companies, Inc. (The) by 181.3% during the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock valued at $139,000 after buying an additional 3,631 shares during the last quarter. 97.78% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction on Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.49% of the company’s stock.

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Interpublic Group of Companies, Inc. (NYSE:IPG) traded up 4.50% during midday trading on Tuesday, reaching $21.60. 5,467,040 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $20.59 and its 200 day moving average price is $22.96. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 15.55 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 1-year low of $19.57 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 consensus estimate of $0.34 by ($0.07). The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. Equities research analysts anticipate that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.

IPG has been the subject of a number of research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Monday, July 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $29.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Friday, July 14th. BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Argus lowered their target price on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.71.

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

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

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