Freestone Capital Holdings LLC reduced its position in Interpublic Group of Companies Inc (NYSE:IPG) by 23.8% during the first quarter, HoldingsChannel.com reports. The firm owned 762,272 shares of the business services provider’s stock after selling 238,684 shares during the period. Interpublic Group of Companies makes up 1.0% of Freestone Capital Holdings LLC’s portfolio, making the stock its 21st biggest position. Freestone Capital Holdings LLC’s holdings in Interpublic Group of Companies were worth $16,016,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IPG. Lunia Capital LP raised its position in Interpublic Group of Companies by 1,691.7% in the 4th quarter. Lunia Capital LP now owns 11,089,594 shares of the business services provider’s stock worth $11,090,000 after purchasing an additional 10,470,666 shares during the period. Norges Bank purchased a new stake in Interpublic Group of Companies in the 4th quarter worth about $99,044,000. Amundi Pioneer Asset Management Inc. raised its position in Interpublic Group of Companies by 88.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,872,024 shares of the business services provider’s stock worth $162,400,000 after purchasing an additional 3,705,058 shares during the period. Millennium Management LLC raised its position in Interpublic Group of Companies by 223.3% in the 4th quarter. Millennium Management LLC now owns 3,369,483 shares of the business services provider’s stock worth $69,512,000 after purchasing an additional 2,327,356 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in Interpublic Group of Companies in the 4th quarter worth about $36,412,000. 97.16% of the stock is currently owned by institutional investors.

Shares of NYSE:IPG opened at $22.61 on Thursday. The company has a market cap of $8.76 billion, a PE ratio of 12.16, a P/E/G ratio of 3.73 and a beta of 1.08. Interpublic Group of Companies Inc has a one year low of $19.61 and a one year high of $25.10. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.96 and a current ratio of 0.96.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Friday, April 26th. The business services provider reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.95 billion. Interpublic Group of Companies had a net margin of 6.31% and a return on equity of 32.74%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $0.04 earnings per share. Sell-side analysts anticipate that Interpublic Group of Companies Inc will post 1.9 earnings per share for the current year.

In other news, Director Jocelyn Carter-Miller sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $22.46, for a total transaction of $130,268.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David M. Thomas bought 8,650 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, April 30th. The shares were bought at an average cost of $23.12 per share, for a total transaction of $199,988.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 346,386 shares of company stock worth $7,946,717. Corporate insiders own 1.09% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. ValuEngine raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $25.38.

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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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