Great West Life Assurance Co. Can Increases Position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Great West Life Assurance Co. Can boosted its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 3.1% during the second quarter, Holdings Channel reports. The fund owned 416,956 shares of the business services provider’s stock after buying an additional 12,516 shares during the period. Great West Life Assurance Co. Can’s holdings in Interpublic Group of Companies, Inc. (The) were worth $10,241,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IPG. First Midwest Bank Trust Division boosted its stake in Interpublic Group of Companies, Inc. (The) by 0.5% in the first quarter. First Midwest Bank Trust Division now owns 10,821 shares of the business services provider’s stock valued at $266,000 after buying an additional 50 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Interpublic Group of Companies, Inc. (The) by 1.8% in the first quarter. Oppenheimer & Co. Inc. now owns 9,235 shares of the business services provider’s stock valued at $227,000 after buying an additional 165 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its stake in Interpublic Group of Companies, Inc. (The) by 0.9% in the first quarter. Winslow Evans & Crocker Inc. now owns 23,100 shares of the business services provider’s stock valued at $568,000 after buying an additional 200 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Interpublic Group of Companies, Inc. (The) by 2.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 10,392 shares of the business services provider’s stock valued at $239,000 after buying an additional 222 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Interpublic Group of Companies, Inc. (The) by 3.0% in the first quarter. Pacer Advisors Inc. now owns 7,744 shares of the business services provider’s stock valued at $190,000 after buying an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 98.40% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.78 on Friday. The firm’s 50 day moving average price is $23.59 and its 200 day moving average price is $24.11. Interpublic Group of Companies, Inc. has a 52-week low of $20.75 and a 52-week high of $25.71. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 14.96 and a beta of 1.53.

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

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Several research firms have commented on IPG. Zacks Investment Research upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, June 22nd. Royal Bank Of Canada set a $29.00 target price on Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, June 12th. BMO Capital Markets restated an “outperform” rating and issued a $26.00 target price (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and issued a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, May 22nd. Finally, Telsey Advisory Group cut their target price on Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.21.

In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 10,592 shares of the company’s stock, valued at $256,961.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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).

Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interpublic Group of Companies, Inc. (The) (NYSE:IPG).

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

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