Stack Financial Management Inc Decreases Position in Interpublic Group of Companies, Inc. (The) (IPG)

Stack Financial Management Inc decreased its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 755,517 shares of the business services provider’s stock after selling 2,051 shares during the period. Interpublic Group of Companies, Inc. (The) comprises about 1.9% of Stack Financial Management Inc’s investment portfolio, making the stock its 18th largest position. Stack Financial Management Inc owned 0.19% of Interpublic Group of Companies, Inc. (The) worth $18,586,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kentucky Retirement Systems bought a new stake in shares of Interpublic Group of Companies, Inc. (The) during the fourth quarter valued at about $674,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Interpublic Group of Companies, Inc. (The) during the fourth quarter valued at approximately $301,000. Macquarie Group Ltd. increased its position in Interpublic Group of Companies, Inc. (The) by 50.7% in the fourth quarter. Macquarie Group Ltd. now owns 155,618 shares of the business services provider’s stock valued at $3,642,000 after buying an additional 52,366 shares during the period. Pensionfund Sabic increased its position in Interpublic Group of Companies, Inc. (The) by 3.5% in the first quarter. Pensionfund Sabic now owns 62,500 shares of the business services provider’s stock valued at $1,536,000 after buying an additional 2,100 shares during the period. Finally, Pensionfund DSM Netherlands increased its position in Interpublic Group of Companies, Inc. (The) by 4.4% in the first quarter. Pensionfund DSM Netherlands now owns 124,200 shares of the business services provider’s stock valued at $3,052,000 after buying an additional 5,200 shares during the period. Institutional investors and hedge funds own 98.40% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded down 1.86% on Tuesday, hitting $21.15. 5,720,631 shares of the company traded hands. The firm’s 50 day moving average price is $23.96 and its 200-day moving average price is $24.17. Interpublic Group of Companies, Inc. has a 1-year low of $20.94 and a 1-year high of $25.71. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 15.23 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.

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Several research analysts have commented on IPG shares. Macquarie downgraded shares of Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $28.00 to $24.00 in a research note on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, May 22nd. Telsey Advisory Group lifted their price target on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. BidaskClub downgraded shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $24.00 price target (down from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target 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 on Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total value of $142,018.04. Following the sale, the senior vice president now owns 10,592 shares in the company, valued at $256,961.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.49% of the company’s stock.

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).

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

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