Andra AP fonden lowered its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 6.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 187,000 shares of the business services provider’s stock after selling 12,900 shares during the quarter. Andra AP fonden’s holdings in Interpublic Group of Companies, Inc. (The) were worth $3,888,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Interpublic Group of Companies, Inc. (The) by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 39,967,140 shares of the business services provider’s stock worth $983,192,000 after purchasing an additional 419,048 shares during the period. BlackRock Inc. grew its holdings in shares of Interpublic Group of Companies, Inc. (The) by 2.7% during the 2nd quarter. BlackRock Inc. now owns 36,204,064 shares of the business services provider’s stock worth $890,619,000 after purchasing an additional 936,771 shares during the period. Boston Partners grew its holdings in shares of Interpublic Group of Companies, Inc. (The) by 1.7% during the 2nd quarter. Boston Partners now owns 21,969,850 shares of the business services provider’s stock worth $540,459,000 after purchasing an additional 376,427 shares during the period. Voya Investment Management LLC grew its holdings in shares of Interpublic Group of Companies, Inc. (The) by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 9,175,028 shares of the business services provider’s stock worth $225,706,000 after purchasing an additional 1,177,667 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Interpublic Group of Companies, Inc. (The) by 21.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock worth $210,280,000 after acquiring an additional 1,503,316 shares during the period. Institutional investors and hedge funds own 99.65% of the company’s stock.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.49% of the company’s stock.

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A number of research firms have weighed in on IPG. Royal Bank Of Canada restated a “buy” rating and issued a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, July 14th. BMO Capital Markets restated an “outperform” rating and issued a $26.00 price target (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. BidaskClub cut Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Telsey Advisory Group decreased their price target on Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. Interpublic Group of Companies, Inc. (The) presently has a consensus rating of “Hold” and an average price target of $25.77.

Interpublic Group of Companies, Inc. (NYSE:IPG) opened at $18.54 on Wednesday. The company has a market capitalization of $7,418.54, a P/E ratio of 13.83, a PEG ratio of 1.18 and a beta of 1.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. Interpublic Group of Companies, Inc. has a one year low of $18.81 and a one year high of $25.71.

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

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).

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Institutional Ownership by Quarter for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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