Verition Fund Management LLC Has $525,000 Stake in Interpublic Group of Companies, Inc. (The) (IPG)

Verition Fund Management LLC grew its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 101.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,341 shares of the business services provider’s stock after purchasing an additional 10,736 shares during the period. Verition Fund Management LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IPG. Acrospire Investment Management LLC grew its stake in shares of Interpublic Group of Companies, Inc. (The) by 755.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after buying an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. boosted its position in 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 worth $117,000 after purchasing an additional 1,254 shares during the period. Global X Management Co. LLC boosted its position in shares of 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 acquiring an additional 1,266 shares during the period. Exane Derivatives boosted its position in shares of 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 acquiring an additional 3,631 shares during the period. Finally, First Bank & Trust boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 22.7% in the second quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock valued at $172,000 after acquiring an additional 1,296 shares during the period. 97.77% of the stock is owned by institutional investors and hedge funds.



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Several research firms have recently weighed in on IPG. Zacks Investment Research cut Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Credit Suisse Group set a $26.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada restated a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Friday, September 29th. Pivotal Research reiterated a “buy” rating and set a $23.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research note on Tuesday. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $26.00 price objective (down from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) presently has an average rating of “Hold” and a consensus target price of $25.77.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was 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 through the SEC website. Corporate insiders own 1.49% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded down 2.48% during midday trading on Friday, reaching $19.67. The company had a trading volume of 8,034,082 shares. The stock has a market capitalization of $7.74 billion, a PE ratio of 14.16 and a beta of 1.53. The stock’s 50 day moving average is $20.67 and its 200-day moving average is $22.75. Interpublic Group of Companies, Inc. has a 12-month low of $19.01 and a 12-month high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.45% and a net margin of 7.43%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, equities research analysts predict that Interpublic Group of Companies, Inc. will post $1.40 earnings per share for the current fiscal year.

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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