Interpublic Group of Companies, Inc. (The) (IPG) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,598 shares of the business services provider’s stock after selling 9,475 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Interpublic Group of Companies, Inc. (The) were worth $4,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in Interpublic Group of Companies, Inc. (The) by 1.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,203,171 shares of the business services provider’s stock worth $29,598,000 after buying an additional 17,172 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Interpublic Group of Companies, Inc. (The) by 15.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,878,350 shares of the business services provider’s stock worth $46,206,000 after buying an additional 247,275 shares during the period. Victory Capital Management Inc. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 4.0% in the second quarter. Victory Capital Management Inc. now owns 6,641,216 shares of the business services provider’s stock worth $163,374,000 after purchasing an additional 253,446 shares during the period. Swiss National Bank increased its position in shares of Interpublic Group of Companies, Inc. (The) by 1.7% in the second quarter. Swiss National Bank now owns 1,430,790 shares of the business services provider’s stock worth $35,197,000 after purchasing an additional 24,000 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 3.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 51,094 shares of the business services provider’s stock worth $1,255,000 after purchasing an additional 1,490 shares during the period. 99.65% of the stock is owned by institutional investors.

A number of research analysts recently commented on the company. 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 note on Wednesday, October 11th. Argus lowered Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research note on Tuesday, October 31st. Royal Bank of Canada reissued a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Friday, September 29th. Finally, Pivotal Research reissued a “buy” rating and set a $23.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) currently has an average rating of “Hold” and an average target price of $25.77.

In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of the business’s stock in a transaction 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 at this link. 1.49% of the stock is currently owned by insiders.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded up $0.01 during trading on Friday, reaching $18.79. The company had a trading volume of 6,741,300 shares, compared to its average volume of 4,799,543. Interpublic Group of Companies, Inc. has a 1-year low of $18.46 and a 1-year high of $25.71. The company has a market capitalization of $7,298.07, a P/E ratio of 13.61, a P/E/G ratio of 1.16 and a beta of 1.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies, Inc. (The) had a return on equity of 27.38% and a net margin of 7.43%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. sell-side analysts anticipate that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current fiscal year.

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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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