Interpublic Group of Companies Inc (IPG) Position Lifted by DNB Asset Management AS

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DNB Asset Management AS increased its position in Interpublic Group of Companies Inc (NYSE:IPG) by 63.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 143,576 shares of the business services provider’s stock after buying an additional 55,817 shares during the quarter. DNB Asset Management AS’s holdings in Interpublic Group of Companies were worth $3,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of IPG. Dimensional Fund Advisors LP grew its stake in Interpublic Group of Companies by 17.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,201,434 shares of the business services provider’s stock worth $73,215,000 after acquiring an additional 483,999 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Interpublic Group of Companies by 26.6% in the third quarter. Franklin Resources Inc. now owns 27,770 shares of the business services provider’s stock valued at $635,000 after purchasing an additional 5,828 shares during the period. United Services Automobile Association grew its position in shares of Interpublic Group of Companies by 4.2% in the third quarter. United Services Automobile Association now owns 146,987 shares of the business services provider’s stock valued at $3,362,000 after purchasing an additional 5,960 shares during the period. JPMorgan Chase & Co. grew its position in shares of Interpublic Group of Companies by 89.9% in the third quarter. JPMorgan Chase & Co. now owns 1,018,686 shares of the business services provider’s stock valued at $23,297,000 after purchasing an additional 482,356 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Interpublic Group of Companies by 63.1% in the third quarter. Fifth Third Bancorp now owns 9,779 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 3,784 shares during the period. 99.62% of the stock is owned by institutional investors.

Several analysts have recently issued reports on the stock. ValuEngine lowered shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Royal Bank of Canada lowered shares of Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $28.00 to $24.00 in a research report on Thursday, January 17th. Finally, Pivotal Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and lifted their target price for the company from $22.00 to $25.00 in a research report on Monday, January 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $25.44.

In related news, SVP Andrew Bonzani sold 28,181 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $22.95, for a total transaction of $646,753.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jocelyn Carter-Miller sold 5,800 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $22.46, for a total transaction of $130,268.00. The disclosure for this sale can be found here. Insiders have sold 346,386 shares of company stock worth $7,946,717 over the last 90 days. 1.32% of the stock is currently owned by company insiders.

IPG opened at $21.79 on Monday. The stock has a market cap of $8.46 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 4.36 and a beta of 1.05. Interpublic Group of Companies Inc has a twelve month low of $19.61 and a twelve month high of $25.77. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, February 13th. The business services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.34 billion. Interpublic Group of Companies had a net margin of 6.37% and a return on equity of 32.07%. Interpublic Group of Companies’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. Equities analysts predict that Interpublic Group of Companies Inc will post 1.87 EPS for the current year.

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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.

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

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