Quarterly Financial Watch for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Marco Green
November 14, 2017

Interpublic Group of Companies (NYSE:IPG). (The) (NYSE:IPG) saw a large increase in short interest during the month of October.

The counter witnessed a trading volume of 5.95 million shares versus an average volume of 6.33 million shares during last trading session.

Several research firms have weighed in on IPG. Royal Bank Of Canada reaffirmed a "hold" rating on shares of Interpublic Group of Companies, Inc. (The) from a "buy" rating to a "hold" rating in a research note on Monday, July 31st. LLC lifted its stake in Interpublic Group of Companies, Inc. So is with The Interpublic Group of Companies, Inc. Citigroup Inc. upgraded Interpublic Group of Companies, Inc. The rating was downgraded by RBC Capital Markets on Wednesday, July 26 to "Sector Perform". Sumitomo Mitsui Asset Mngmt Co stated it has 0.01% of its portfolio in Interpublic Group of Companies Inc (NYSE:IPG). The firm has "Outperform" rating given on Tuesday, October 10 by BMO Capital Markets. Telsey Advisory Group decreased their price target on shares of Interpublic Group of Companies, Inc. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of "Hold" and a consensus target price of $25.77. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The disclosure for this sale can be found here. Analysts mean recommendation for the stock is 1.80.

A number of institutional investors have recently added to or reduced their stakes in the business.

Shares of Interpublic Group of Cos. (The) by 755.0% in the second quarter.

Currently, 3.10% shares of Credit Suisse Group AG (NYSE:CS) are owned by insiders with 0.00% six-month change in the insider ownership. (The) by 4,195.7% in the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider's stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Morgan Stanley reiterated an "equal weight" rating and issued a $24.00 price target (down from $26.00) on shares of Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. LLC now owns 5,502 shares of the business services provider's stock valued at $135,000 after buying an additional 1,266 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its stake in Interpublic Group of Companies, Inc. (The) by 22.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider's stock valued at $722,000 after purchasing an additional 225 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in Interpublic Group of Companies, Inc. The quarterly performance for the stock is 1.38%, while the half-yearly performance is 2.62%. The Manatuck Hill Partners Llc holds 45,000 shares with $4.03M value, up from 30,000 last quarter. An example is a stock in a big technology company. (NYSE:IPG) reached at $18.79 price level during last trade its distance from 20 days simple moving average is -5.13%, and its distance from 50 days simple moving average is -7.47% while it has a distance of -18.01% from the 200 days simple moving average. Reilly Finance Advsr Ltd Liability Company has invested 0% in Interpublic Group of Companies Inc (NYSE:IPG). The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $7,301.96, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46. (The) (NYSE:IPG) last released its earnings results on Tuesday, October 24th. In the last earnings report the EPS was $0.81 with 388.61M shares now outstanding. The company net profit margin is - and gross profit margin is 0.00. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period a year ago, the business earned $0.31 earnings per share. Interpublic Group of Companies had 43 analyst reports since September 7, 2015 according to SRatingsIntel.

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In related news, SVP Ellen Tobi Johnson sold 20,000 shares of Interpublic Group of Companies, Inc. Goldman Sachs Group Inc. grew its position in shares of Interpublic Group of Companies, Inc.

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