Teacher Retirement System of Texas Has $6.83 Million Holdings in Interpublic Group of Companies Inc (IPG)

Teacher Retirement System of Texas reduced its stake in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 83.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338,832 shares of the business services provider’s stock after selling 1,756,755 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Interpublic Group of Companies worth $6,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Ameritas Investment Partners Inc. increased its stake in Interpublic Group of Companies by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock worth $224,000 after acquiring an additional 90 shares during the last quarter. Sentry Investment Management LLC boosted its position in shares of Interpublic Group of Companies by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock valued at $519,000 after buying an additional 225 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of Interpublic Group of Companies by 2.6% during the second quarter. Thrivent Financial For Lutherans now owns 14,867 shares of the business services provider’s stock valued at $366,000 after buying an additional 380 shares during the period. 1st Global Advisors Inc. boosted its position in shares of Interpublic Group of Companies by 19.6% during the second quarter. 1st Global Advisors Inc. now owns 9,774 shares of the business services provider’s stock valued at $240,000 after buying an additional 1,599 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Interpublic Group of Companies by 13.1% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,682 shares of the business services provider’s stock valued at $492,000 after buying an additional 2,740 shares during the period. 96.55% of the stock is currently owned by institutional investors.

Shares of Interpublic Group of Companies Inc (NYSE IPG) opened at $24.49 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $8,634.88, a P/E ratio of 16.10, a P/E/G ratio of 2.29 and a beta of 1.45. Interpublic Group of Companies Inc has a twelve month low of $18.30 and a twelve month high of $25.71.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. Interpublic Group of Companies’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. research analysts expect that Interpublic Group of Companies Inc will post 1.39 EPS for the current fiscal year.

Several research analysts have issued reports on the company. Wells Fargo & Co restated a “hold” rating on shares of Interpublic Group of Companies in a research report on Wednesday. Zacks Investment Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday. Morgan Stanley boosted their target price on Interpublic Group of Companies to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. ValuEngine lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, TheStreet upgraded Interpublic Group of Companies from a “c+” rating to a “b-” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.79.

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Interpublic Group of Companies Company Profile

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 (NYSE:IPG)

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