River Road Asset Management LLC lowered its stake in Interpublic Group of Companies Inc (NYSE:IPG) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,688,723 shares of the business services provider’s stock after selling 60,627 shares during the period. River Road Asset Management LLC owned 0.44% of Interpublic Group of Companies worth $36,409,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Private Capital Group LLC boosted its holdings in Interpublic Group of Companies by 112.2% in the second quarter. Private Capital Group LLC now owns 1,110 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 587 shares in the last quarter. Coastal Capital Group Inc. purchased a new position in Interpublic Group of Companies during the second quarter valued at $26,000. Larson Financial Group LLC purchased a new position in Interpublic Group of Companies during the third quarter valued at $26,000. TD Capital Management LLC purchased a new position in Interpublic Group of Companies during the second quarter valued at $42,000. Finally, Coastal Investment Advisors Inc. purchased a new position in Interpublic Group of Companies during the second quarter valued at $43,000. Institutional investors and hedge funds own 97.18% of the company’s stock.

Shares of IPG traded down $0.06 during trading hours on Tuesday, hitting $22.45. The company had a trading volume of 1,833,344 shares, compared to its average volume of 2,972,412. The firm has a fifty day moving average price of $21.30 and a 200-day moving average price of $21.80. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 2.51 and a beta of 1.10. Interpublic Group of Companies Inc has a 52-week low of $19.56 and a 52-week high of $24.68.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.06 billion. Interpublic Group of Companies had a return on equity of 31.19% and a net margin of 6.42%. Interpublic Group of Companies’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. Research analysts anticipate that Interpublic Group of Companies Inc will post 1.89 earnings per share for the current fiscal year.

Several brokerages have commented on IPG. TheStreet lowered Interpublic Group of Companies from a “b” rating to a “c+” rating in a research report on Thursday, August 15th. Wells Fargo & Co began coverage on Interpublic Group of Companies in a research report on Monday, September 23rd. They set a “market perform” rating and a $23.00 price objective for the company. BMO Capital Markets lowered their price objective on Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, ValuEngine raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.20.

In other news, Director H John Greeniaus sold 10,000 shares of Interpublic Group of Companies stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $22.00, for a total value of $220,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Isor Roth sold 100,314 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $22.04, for a total value of $2,210,920.56. The disclosure for this sale can be found here. 1.09% of the stock is owned by insiders.

Interpublic Group of Companies 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.

Further Reading: Equity Income

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

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