Credit Suisse AG lowered its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 630,495 shares of the business services provider’s stock after selling 10,916 shares during the period. Credit Suisse AG owned about 0.16% of Interpublic Group of Companies, Inc. (The) worth $15,491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IPG. Global X Management Co. LLC boosted its position in 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 buying an additional 1,266 shares in the last quarter. Van ECK Associates Corp increased its stake in Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock valued at $135,000 after buying an additional 331 shares during the last quarter. First Bank & Trust purchased a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter valued at $140,000. Bronfman E.L. Rothschild L.P. increased its stake in Interpublic Group of Companies, Inc. (The) by 120.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,285 shares of the business services provider’s stock valued at $179,000 after buying an additional 3,973 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its stake in Interpublic Group of Companies, Inc. (The) by 77.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 7,427 shares of the business services provider’s stock valued at $182,000 after buying an additional 3,239 shares during the last quarter. 98.19% of the stock is owned by hedge funds and other institutional investors.

Shares of Interpublic Group of Companies, Inc. (IPG) traded up 0.60% during trading on Thursday, hitting $21.83. The stock had a trading volume of 5,383,630 shares. Interpublic Group of Companies, Inc. has a one year low of $20.94 and a one year high of $25.71. The firm has a market cap of $8.59 billion, a P/E ratio of 15.82 and a beta of 1.54. The firm’s 50-day moving average is $24.21 and its 200-day moving average is $24.23.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. Equities research analysts forecast that Interpublic Group of Companies, Inc. will post $1.44 EPS for the current year.

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Several analysts have recently weighed in on IPG shares. Macquarie downgraded Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $28.00 to $24.00 in a report on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and issued a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, May 22nd. Telsey Advisory Group upped their price objective on Interpublic Group of Companies, Inc. (The) from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. BidaskClub downgraded Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 price objective (down from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.21.

In other news, SVP Julie Connors sold 5,854 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total transaction of $142,018.04. Following the transaction, the senior vice president now directly owns 10,592 shares in the company, valued at approximately $256,961.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.49% of the company’s stock.

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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