NN Investment Partners Holdings N.V. boosted its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 360.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 861,424 shares of the business services provider’s stock after buying an additional 674,314 shares during the period. NN Investment Partners Holdings N.V. owned 0.22% of Interpublic Group of Companies, Inc. (The) worth $21,190,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in shares of 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 in the last quarter. Global X Management Co. LLC raised 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 buying an additional 1,266 shares in the last quarter. First Bank & Trust purchased a new position in shares of Interpublic Group of Companies, Inc. (The) during the first quarter valued at approximately $140,000. Bronfman E.L. Rothschild L.P. raised its position in shares of 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 in the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its position in shares of 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 in the last quarter. 98.40% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies, Inc. (IPG) traded down 1.86% during midday trading on Tuesday, reaching $21.15. The company had a trading volume of 5,721,369 shares. The company has a market capitalization of $8.32 billion, a P/E ratio of 15.23 and a beta of 1.53. The firm has a 50-day moving average of $23.96 and a 200 day moving average of $24.17. Interpublic Group of Companies, Inc. has a 1-year low of $20.94 and a 1-year high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities research analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.

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Several brokerages have commented on IPG. Zacks Investment Research lowered Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Wedbush reissued an “outperform” rating and set a $29.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Thursday, April 13th. BidaskClub raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. BMO Capital Markets reissued an “outperform” rating and set a $26.00 price objective (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC restated a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, June 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.21.

In related news, SVP Julie Connors sold 5,854 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was 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 of the company’s stock, valued at approximately $256,961.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.49% of the company’s stock.

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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