Economy

Interpublic Group of Companies, (NYSE:IPG) Sees Significantly Higher Trading Volume

A number of other institutional investors have also recently added to or reduced their stakes in IPG. BlackRock Inc. boosted its stake in Interpublic Group of Companies, Inc. (The) by 29.9% in the first quarter. The fund owned 199,900 shares of the business services provider's stock after purchasing an additional 11,300 shares during the period. Massachusetts Financial Services Co. State of Alaska Department of Revenue purchased a fresh position in Interpublic Group of Companies, (The) during the Q1 valued $205,000. (The) by 1.7% during the second quarter. First Bank & Trust boosted its stake in shares of Interpublic Group of Companies, Inc. Goldman Sachs Group Inc. now owns 7,044,673 shares of the business services provider's stock valued at $173,087,000 after buying an additional 1,802,258 shares during the period. BidaskClub raised shares of Interpublic Group of Companies, Inc. Vanguard Group Inc. now owns 39,548,092 shares of the business services provider's stock valued at $971,696,000 after buying an additional 2,396,037 shares during the period. Finally, River Road Asset Management LLC bought a new position in Interpublic Group of Companies, Inc. (The) during the 2nd quarter worth approximately $49,040,000.

IPG has been the topic of Quite a few brokerage firm research.

In addition to Citigroup reporting its stock price target, a total of 13 brokerages have issued a research note on the company. The company was maintained on Monday, October 17 by Pivotal Research. (The) from an "outperform" rating to a "neutral" rating and cut their target price for the company from $28.00 to $24.00 in a research note on Tuesday, June 6th. The stock was sold at an average price of $24.26, for a total value of $142,018.04. The firm has "Market Perform" rating by BMO Capital Markets given on Thursday, January 12.

In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the company's stock in a transaction on Monday, August 21st. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/09/06/andra-ap-fonden-acquires-11300-shares-of-interpublic-group-of-companies-inc-the-ipg.html.

On July 26 Morgan Stanley kept the company rating at "Equal-Weight" but lowered the price expectation to $24.00 from $27.00. The stock presently has an average rating of "Hold" and an average target price of $26.07. Mesirow Financial Investment Management Equity Management purchased a new position in Interpublic Group of Companies, Inc. "(The) (IPG)" was originally reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & global copyright and trademark laws. Legal & General Group Plc owned about 0.51% of Interpublic Group of Companies, Inc. Past 5 years growth of IPG observed at 10.73%, and for the next five years the analysts that follow this company are expecting its growth at 8.40%.

Shares of Interpublic Group of Companies, Inc.

The stock last traded at $20.21 just below $21.50, the stock's 50 day moving average and quite a bit lower than the 200 day moving average of $23.70.

The P/E ratio is 14.55 and the market value is 7.95B. (The) (NYSE:IPG) last released its quarterly earnings data on Tuesday, July 25th.

Now, the FactSet Research estimate calls for Q3 2017 earnings of US$0.33. IPG has a net profit margin of 7.20% and is less profitable than the average company in the Advertising Agencies industry. Over the last three months, the shares of the company have changed -16.63% and performed -16.49% over the last six months. The business's revenue was down 1.7% compared to the same quarter a year ago.

Canada Pension Plan Investment Board lessened its stake in Interpublic Group of Companies, Inc. Additionally Interpublic Group of Companies, recently declared a dividend which will be paid on Friday the 15th of September 2017. Next quarter's EPS is forecasted at $0.79 with next year's EPS anticipated to be $1.60. This represents a $0.72 annualized dividend and a yield of 3.56%. The ex-dividend date will be Wednesday the 30th of August 2017. (The)'s dividend payout ratio is now 51.80%. Lastly, Argus downgraded the price objective on stocks of Interpublic Group of Companies, (The) from $28.00 to $27.00 and fixed a "buy" recommendation for The corporation in a study report on early Wed, Jul 26th.



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