Palouse Capital Management Inc. Buys Shares of 325,713 Interpublic Group of Companies Inc (IPG)

Palouse Capital Management Inc. acquired a new position in shares of Interpublic Group of Companies Inc (NYSE:IPG) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 325,713 shares of the business services provider’s stock, valued at approximately $6,566,000. Interpublic Group of Companies makes up about 2.2% of Palouse Capital Management Inc.’s portfolio, making the stock its 11th biggest holding. Palouse Capital Management Inc. owned approximately 0.08% of Interpublic Group of Companies as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position in shares of Interpublic Group of Companies by 1.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock worth $224,000 after acquiring an additional 90 shares in the last quarter. Sentry Investment Management LLC boosted its position in shares of Interpublic Group of Companies by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock worth $519,000 after acquiring an additional 225 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Interpublic Group of Companies by 0.3% during the 2nd quarter. Stifel Financial Corp now owns 108,288 shares of the business services provider’s stock worth $2,661,000 after acquiring an additional 351 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Interpublic Group of Companies by 2.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 14,867 shares of the business services provider’s stock worth $366,000 after acquiring an additional 380 shares in the last quarter. Finally, 1st Global Advisors Inc. boosted its position in shares of Interpublic Group of Companies by 19.6% during the 2nd quarter. 1st Global Advisors Inc. now owns 9,774 shares of the business services provider’s stock worth $240,000 after acquiring an additional 1,599 shares in the last quarter. 96.55% of the stock is owned by institutional investors and hedge funds.

Shares of Interpublic Group of Companies Inc (IPG) opened at $23.50 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $8,514.42, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 2.26 and a beta of 1.45. Interpublic Group of Companies Inc has a one year low of $18.30 and a one year high of $25.71.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. equities research analysts predict that Interpublic Group of Companies Inc will post 1.39 earnings per share for the current year.

Several research firms have recently weighed in on IPG. Argus downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a report on Tuesday, October 31st. Morgan Stanley boosted their target price on Interpublic Group of Companies to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Pivotal Research reissued a “buy” rating and issued a $23.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 24th. Wells Fargo & Co downgraded Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a report on Thursday, January 18th. Finally, Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.79.

TRADEMARK VIOLATION NOTICE: “Palouse Capital Management Inc. Buys Shares of 325,713 Interpublic Group of Companies Inc (IPG)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/14/palouse-capital-management-inc-takes-6-57-million-position-in-interpublic-group-of-companies-inc-ipg.html.

Interpublic Group of Companies 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 (NYSE:IPG)

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply