Economy

Interpublic Group of Companies, (NYSE:IPG) Experiences Heavier than Average Trading Volume

Interpublic Group of Companies Inc (NYSE:IPG) has risen 3.01% since October 3, 2016 and is uptrending. (The) comprises 4.7% of Caldera Capital LLC's holdings, making the stock its 7th largest holding.

Currently, 0.50% shares of Sprouts Farmers Market, Inc. Oakbrook Investments LLC's holdings in Interpublic Group of Companies were worth $426,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hartford Inv holds 0.04% of its portfolio in Interpublic Group of Companies Inc (NYSE:IPG) for 88,193 shares. Closing price generally refers to the last price at which a stock trades during a regular trading session. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. Quantbot Technologies LP now owns 279,422 shares of the business services provider's stock worth $6,245,000 after buying an additional 224,607 shares during the last quarter. The stock appeared $38.06 above its 52-week highs and is up 5.36% for the last five trades. Van ECK Associates Corp grew its stake in Interpublic Group of Companies, Inc.

Exane Derivatives augmented its position by buying 3,631 shares an increase of 181.3% in the quarter. Dudley & Shanley LLC now owns 823,100 shares of the business services provider's stock worth $18,396,000 after buying an additional 3,000 shares during the last quarter.

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Interpublic Group Of Cos Inc (IPG) by 84.04% based on its latest 2017Q2 regulatory filing with the SEC. (The) by 29.9% during the 1st quarter. Bancorpsouth Inc. now owns 13,704 shares of the business services provider's stock worth $337,000 after purchasing an additional 3,508 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Interpublic Group of Companies, Inc. (The) by 15.2% during the second quarter. Boston Partners now owns 21,969,850 shares of the business services provider's stock valued at $540,459,000 after purchasing an additional 376,427 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company's stock. Equities research analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year. IPG's debt-to-equity ratio is 0.92 versus a D/E of 2.19 for OMC. Finally, OMC's beta of 1.28 indicates that the stock has an above average level of market risk. Average estimation for the current quarter has been provided by 13 analysts. (The) (NYSE:IPG) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.07). The return on assets stands at 4.7%, Return on Equity now is 28.5% and the Return on Investment value is 18.9%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.95 billion.

Analysts believe that the company has the potential to earn average revenue of $1.95 Billion for the current quarter. The business's quarterly revenue was down 1.7% compared to the same quarter past year. Investors of record on Friday, September 1st were paid a $0.18 dividend. The ex-dividend date was set for Wednesday the 30th of August 2017. (The)'s payout ratio is 51.80%. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Stock's free cash flow yield, which represents the amount of cash available to investors before dividends, expressed as a percentage of the stock price, is 1.25. The company operates in the Consumer Cyclical sector with a market capitalization of 8.3 Million. "(The) (NYSE:IPG)" was first posted by Week Herald and is the property of of Week Herald. If you are reading this report on another publication, it was copied illegally and republished in violation of global copyright and trademark laws. The original version of this report can be read at https://www.truebluetribune.com/2017/10/03/interpublic-group-of-companies-inc-the-ipg-stake-lowered-by-jpmorgan-chase-co.html.

A number of equities research analysts have recently commented on IPG shares. It also reduced its holding in Amazon.Com Inc (NASDAQ:AMZN) by 700 shares in the quarter, leaving it with 12,226 shares, and cut its stake in Kinder Morgan Inc (NYSE:KMI). (The) from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Thursday, June 22nd. (The) in a research report on Thursday, July 27th. BidaskClub lowered Interpublic Group of Companies, Inc. SunTrust maintained the stock with "Buy" rating in Friday, July 28 report. Royal Bank Of Canada set a $29.00 price objective on Interpublic Group of Companies, Inc. The firm has "Hold" rating given on Wednesday, July 19 by Cowen & Co. The average investment recommendation for IPG, taken from a group of Wall Street Analysts, is 2.00, or a buy. The stock is now moving above its 20-Day Simple Moving Average of 3.43% with a 50-Day Simple Moving Average of 1.31 percent.

Interpublic Group of Companies, Inc. It has three global networks: McCann Worldgroup, Foote, Cone & Belding (FCB) and MullenLowe Group, which provide integrated, advertising and marketing solutions for clients.



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