Interpublic Group of Companies Inc (NYSE:IPG) Shares Sold by NEXT Financial Group Inc

NEXT Financial Group Inc decreased its position in Interpublic Group of Companies Inc (NYSE:IPG) by 25.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,630 shares of the business services provider’s stock after selling 20,604 shares during the quarter. NEXT Financial Group Inc’s holdings in Interpublic Group of Companies were worth $1,307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Interpublic Group of Companies by 21.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 97,298 shares of the business services provider’s stock worth $2,097,000 after purchasing an additional 17,482 shares during the last quarter. Navellier & Associates Inc bought a new stake in Interpublic Group of Companies during the 3rd quarter valued at $2,010,000. Campbell & CO Investment Adviser LLC raised its stake in Interpublic Group of Companies by 26.7% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 12,184 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 2,568 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Interpublic Group of Companies by 5.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 165,159 shares of the business services provider’s stock valued at $3,560,000 after acquiring an additional 8,654 shares in the last quarter. Finally, DNB Asset Management AS raised its stake in Interpublic Group of Companies by 1.1% during the 3rd quarter. DNB Asset Management AS now owns 212,844 shares of the business services provider’s stock valued at $4,589,000 after acquiring an additional 2,280 shares in the last quarter. 98.00% of the stock is currently owned by institutional investors and hedge funds.

IPG opened at $20.65 on Friday. Interpublic Group of Companies Inc has a one year low of $19.56 and a one year high of $25.10. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s fifty day moving average is $20.77 and its 200-day moving average is $21.79. The company has a market capitalization of $8.04 billion, a PE ratio of 11.10, a P/E/G ratio of 2.35 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. Interpublic Group of Companies had a return on equity of 32.03% and a net margin of 6.46%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Interpublic Group of Companies Inc will post 1.88 EPS for the current fiscal year.

Several analysts have weighed in on the company. Zacks Investment Research downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research note on Wednesday, July 3rd. Wells Fargo & Co began coverage on Interpublic Group of Companies in a research note on Monday, September 23rd. They issued a “market perform” rating and a $23.00 price objective on the stock. Bank of America raised Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 10th. TheStreet downgraded Interpublic Group of Companies from a “b” rating to a “c+” rating in a research note on Thursday, August 15th. Finally, ValuEngine raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.67.

In other news, CEO Michael Isor Roth sold 431,594 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $23.08, for a total value of $9,961,189.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director H John Greeniaus sold 44,396 shares of Interpublic Group of Companies stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $23.02, for a total value of $1,021,995.92. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by insiders.

About Interpublic Group of Companies

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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