OLD Mutual Customised Solutions Proprietary Ltd. Boosts Stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 53.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,772 shares of the business services provider’s stock after buying an additional 3,072 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Interpublic Group of Companies, Inc. (The) were worth $216,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of IPG. Chevy Chase Trust Holdings Inc. boosted its position in Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 339,257 shares of the business services provider’s stock worth $8,335,000 after buying an additional 6,774 shares during the period. Bancorpsouth Inc. boosted its position in Interpublic Group of Companies, Inc. (The) by 34.4% in the first quarter. Bancorpsouth Inc. now owns 13,704 shares of the business services provider’s stock worth $337,000 after buying an additional 3,508 shares during the period. Bank of Montreal Can boosted its position in Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. Bank of Montreal Can now owns 156,301 shares of the business services provider’s stock worth $3,841,000 after buying an additional 3,119 shares during the period. Montag A & Associates Inc. boosted its position in Interpublic Group of Companies, Inc. (The) by 532.1% in the first quarter. Montag A & Associates Inc. now owns 116,300 shares of the business services provider’s stock worth $2,857,000 after buying an additional 97,900 shares during the period. Finally, Boston Partners boosted its position in Interpublic Group of Companies, Inc. (The) by 3.3% in the first quarter. Boston Partners now owns 21,593,423 shares of the business services provider’s stock worth $530,550,000 after buying an additional 688,696 shares during the period. Hedge funds and other institutional investors own 98.25% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE IPG) traded up 1.22% on Friday, reaching $21.61. 7,662,620 shares of the company were exchanged. Interpublic Group of Companies, Inc. has a 12-month low of $20.94 and a 12-month high of $25.71. The firm has a 50-day moving average of $24.35 and a 200 day moving average of $24.25. The firm has a market capitalization of $8.54 billion, a P/E ratio of 15.56 and a beta of 1.56.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.73%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Interpublic Group of Companies, Inc. will post $1.44 earnings per share for the current year.

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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. BMO Capital Markets reaffirmed a “buy” rating and issued a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. Evercore ISI assumed coverage on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. They issued an “outperform” rating and a $28.00 price target on the stock. Macquarie cut shares of Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $28.00 to $24.00 in a research report on Tuesday, June 6th. Finally, BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.21.

In related news, SVP Julie Connors sold 5,854 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total value of $142,018.04. Following the completion of the sale, the senior vice president now owns 10,592 shares of the company’s stock, valued at $256,961.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (The) 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, Inc. (The) (NYSE:IPG)

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