Sequoia Financial Advisors LLC Grows Stake in Interpublic Group of Companies Inc (NYSE:IPG)

Sequoia Financial Advisors LLC boosted its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 26.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,118 shares of the business services provider’s stock after purchasing an additional 5,866 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Interpublic Group of Companies were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Interpublic Group of Companies by 4.8% in the 2nd quarter. BlackRock Inc. now owns 53,006,472 shares of the business services provider’s stock valued at $1,197,415,000 after acquiring an additional 2,411,346 shares during the period. Vanguard Group Inc. increased its holdings in shares of Interpublic Group of Companies by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 43,040,858 shares of the business services provider’s stock valued at $972,293,000 after acquiring an additional 792,701 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Interpublic Group of Companies by 20.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 9,475,275 shares of the business services provider’s stock valued at $199,074,000 after acquiring an additional 1,603,251 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Interpublic Group of Companies by 12.4% in the 2nd quarter. Victory Capital Management Inc. now owns 6,520,623 shares of the business services provider’s stock valued at $147,301,000 after acquiring an additional 719,236 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Interpublic Group of Companies by 6.3% in the 2nd quarter. Invesco Ltd. now owns 5,083,891 shares of the business services provider’s stock valued at $114,844,000 after acquiring an additional 301,821 shares during the period. Institutional investors own 98.03% of the company’s stock.

In other Interpublic Group of Companies news, CEO Michael Isor Roth sold 431,594 shares of Interpublic Group of Companies stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $23.08, for a total transaction of $9,961,189.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director H John Greeniaus sold 44,396 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $23.02, for a total value of $1,021,995.92. The disclosure for this sale can be found here. 1.09% of the stock is owned by insiders.

IPG stock traded up $0.01 on Wednesday, hitting $21.51. 138,944 shares of the company’s stock were exchanged, compared to its average volume of 3,781,038. Interpublic Group of Companies Inc has a 12-month low of $19.56 and a 12-month high of $24.68. The firm has a 50 day moving average price of $20.84 and a two-hundred day moving average price of $21.79. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $8.05 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Interpublic Group of Companies had a return on equity of 32.03% and a net margin of 6.46%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Sell-side analysts expect that Interpublic Group of Companies Inc will post 1.88 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on IPG. BMO Capital Markets cut their price target on Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. ValuEngine upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Monday, October 7th. Wells Fargo & Co began coverage on Interpublic Group of Companies in a report on Monday, September 23rd. They issued a “market perform” rating and a $23.00 price target on the stock. Zacks Investment Research downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a report on Wednesday, July 3rd. Finally, Bank of America upgraded Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.20.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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