Economy

BB&T Corp Cuts Holdings in Interpublic Group of Companies, Inc. (The) (IPG)

Have you taken a look at the chart for The Interpublic Group of Companies, Inc. (NYSE:IPG) in a report released on Friday. Virtu KCG Holdings LLC's holdings in Interpublic Group of Companies, Inc. The value of the investment in Interpublic Group of Companies, decreased from $492,000 to $469,000 a change of 4.7% quarter over quarter. (The) by 755.0% during the 2nd quarter.

The Interpublic Group of Companies, Inc.'s insider ownership stands at 0.2 percent, while its insider transaction is -3.19 percent. As of quarter end Wealthtrust-arizona, LLC had disposed of a total of 225 shares trimming its stake by 35.8%. After a recent check, it is observed that the insiders for the firm now own 0.20% shares. Global X Management Co. LLC lifted its stake in Interpublic Group of Companies, Inc. (The) by 29.9% during the 1st quarter. The stock's short float is around of 6.10% and short ratio is 3.69. Exane Derivatives lifted its stake in Interpublic Group of Companies, Inc. (The) by 181.3% during the 2nd quarter.

We can gain a lot of insight about how a public company is performing by reviewing the buying and selling activity of insiders, which refers to directors and senior officers of a business or any individual or entity that owns more than a ten percent portion of a company's voting shares. Finally, SkyBridge Capital II LLC acquired a new stake in shares of Interpublic Group of Companies, Inc. (The) by 22.7% during the 2nd quarter. The stock had a trading volume of 7,331,068 shares. The percentage of shares being held by the company management was 0.4% while institutional stake was 0%. Stock's intraday price range hit the peak level of $19.83 and touched the lowest level of $19.28 besides its fifty two weeks range was $19.01- $25.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. At the moment, the average analyst price target is $24.80. "(The) (IPG)" was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of global trademark and copyright laws. Interpublic Group of Companies, Inc. has a one year low of $19.01 and a one year high of $25.71. (NYSE:IPG) lately? The stock closed the regular trading session at $19.50 yesterday, compared to the closing price of $19.81 the previous day - a change of -1.56 percent.

Shares of Interpublic Group of Companies, Inc. Interpublic Group of Companies, Inc. In looking the SMA 50 we see that the stock has seen a 3.38% while it has a distance of -2.27% from the 200 days simple moving average. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. (The) (NYSE:IPG) last posted its earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.02). (The) had a net margin of 7.19% and a return on equity of 27.72%.

Looking forward, the company's quarterly earnings are expected to come at -$0.14 in the three months through September 2017 and -$0.1 in the quarter ending December 2017, reflecting -17.65% and -37.5% growth, respectively. The firm's revenue for the quarter was down 1.0% compared to the same quarter past year. Analysts expect next quarter's EPS will be $0.79 with next year's EPS anticipated to be $1.60.

Several equities research analysts have commented on the company.

Shares of Interpublic Group of Companies, Inc. Wells Fargo & Company reaffirmed a "buy" rating on shares of Interpublic Group of Companies, Inc. Zacks Investment Research cut Interpublic Group of Cos. from a buy rating to a hold rating in a research note on Monday, June 27th. (The) from a "neutral" rating to a "buy" rating in a research note on Wednesday, September 6th. (The) in a research note on Tuesday. Morgan Stanley restated an "equal weight" rating and issued a $24.00 target price (down previously from $26.00) on shares of Interpublic Group of Companies, Inc. (The) and gave the stock a "buy" rating in a research note on Wednesday, October 11th. Pivotal Research reaffirmed a "buy" rating and set a $23.00 price target on shares of Interpublic Group of Companies, Inc. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company.



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