Louisiana State Employees Retirement System Raises Position in Interpublic Group of Companies, Inc. (The) (IPG)

Louisiana State Employees Retirement System raised its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,500 shares of the business services provider’s stock after buying an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Interpublic Group of Companies, Inc. (The) were worth $603,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global X Management Co. LLC raised its position 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 valued at $135,000 after buying an additional 1,266 shares during the period. Van ECK Associates Corp raised its position 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 valued at $135,000 after buying an additional 331 shares during the period. Exane Derivatives raised its position 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 valued at $139,000 after buying an additional 3,631 shares during the period. First Bank & Trust acquired a new position in Interpublic Group of Companies, Inc. (The) during the first quarter valued at approximately $140,000. Finally, Bronfman E.L. Rothschild L.P. raised its position 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 valued at $179,000 after buying an additional 3,973 shares during the period. 98.40% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded down 1.07% on Tuesday, hitting $21.32. 1,991,747 shares of the stock traded hands. Interpublic Group of Companies, Inc. has a 12-month low of $20.94 and a 12-month high of $25.71. The company’s 50 day moving average price is $24.21 and its 200-day moving average price is $24.23. The stock has a market capitalization of $8.38 billion, a P/E ratio of 15.35 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.33 earnings per share. Analysts predict that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.

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Several research firms have recently commented on IPG. BidaskClub lowered shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Argus decreased their price target on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 price objective (down from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $26.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.21.

In related 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 sale, the senior vice president now directly owns 10,592 shares in the company, valued at approximately $256,961.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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).

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

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