Mitsubishi UFJ Asset Management Co. Ltd. Has $9.52 Million Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 43.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 389,059 shares of the business services provider’s stock after selling 302,653 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of Interpublic Group of Companies worth $9,524,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IPG. Canada Pension Plan Investment Board lifted its holdings in shares of Interpublic Group of Companies by 5.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 13,885,384 shares of the business services provider’s stock worth $377,127,000 after acquiring an additional 674,938 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Interpublic Group of Companies by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,781,455 shares of the business services provider’s stock valued at $374,304,000 after purchasing an additional 842,925 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Interpublic Group of Companies by 49.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock worth $231,138,000 after buying an additional 2,797,490 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Interpublic Group of Companies by 32.0% during the 1st quarter. Deutsche Bank AG now owns 4,972,412 shares of the business services provider’s stock worth $135,051,000 after buying an additional 1,206,542 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Interpublic Group of Companies by 4.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,867,134 shares of the business services provider’s stock valued at $132,191,000 after buying an additional 196,906 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Up 0.5%

NYSE IPG opened at $25.49 on Thursday. The stock has a market capitalization of $9.33 billion, a P/E ratio of 21.60 and a beta of 1.12. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $26.33 and a 200-day moving average of $25.41.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Monday, November 10th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.19 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 earnings per share. On average, equities research analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on IPG. UBS Group cut their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Barclays dropped their price objective on shares of Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a report on Wednesday. Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interpublic Group of Companies in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.18.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.