Fisher Asset Management LLC Has $247,000 Position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Fisher Asset Management LLC lowered its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 4.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,034 shares of the business services provider’s stock after selling 482 shares during the period. Fisher Asset Management LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $247,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in IPG. BlackRock Inc. raised its position in Interpublic Group of Companies, Inc. (The) by 1,377.1% in the first quarter. BlackRock Inc. now owns 35,267,293 shares of the business services provider’s stock valued at $866,520,000 after buying an additional 32,879,667 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Interpublic Group of Companies, Inc. (The) by 22.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,648,240 shares of the business services provider’s stock valued at $458,188,000 after buying an additional 3,411,539 shares in the last quarter. Nordea Investment Management AB raised its position in Interpublic Group of Companies, Inc. (The) by 15,710.1% in the first quarter. Nordea Investment Management AB now owns 2,806,292 shares of the business services provider’s stock valued at $68,951,000 after buying an additional 2,788,542 shares in the last quarter. Vanguard Group Inc. raised its position in Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. 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 in the last quarter. Finally, Mawer Investment Management Ltd. bought a new position in Interpublic Group of Companies, Inc. (The) during the first quarter valued at approximately $46,260,000. 98.40% of the stock is currently owned by institutional investors.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.67 on Friday. The stock’s 50 day moving average price is $23.49 and its 200 day moving average price is $24.09. The stock has a market cap of $8.13 billion, a PE ratio of 14.88 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 1-year low of $20.65 and a 1-year high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing the 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 27.72%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

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Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. BMO Capital Markets restated a “buy” rating and issued a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, April 17th. Evercore ISI assumed coverage on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, April 17th. They issued an “outperform” rating and a $28.00 price objective on the stock. Macquarie lowered shares of Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $28.00 to $24.00 in a research note on Tuesday, June 6th. Finally, BidaskClub upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.21.

In related news, SVP Julie Connors sold 5,854 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total transaction of $142,018.04. Following the sale, the senior vice president now directly owns 10,592 shares in the company, valued at approximately $256,961.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.49% of the company’s stock.

About Interpublic Group of Companies, Inc. (The)

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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