HL Financial Services LLC Acquires 3,311 Shares of Interpublic Group of Companies, Inc. (The) (IPG)

HL Financial Services LLC raised its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 35,128 shares of the business services provider’s stock after acquiring an additional 3,311 shares during the quarter. HL Financial Services LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Pzena Investment Management LLC increased its position in Interpublic Group of Companies, Inc. (The) by 0.3% in the 3rd quarter. Pzena Investment Management LLC now owns 8,964,724 shares of the business services provider’s stock valued at $186,377,000 after acquiring an additional 23,799 shares during the period. Candriam Luxembourg S.C.A. acquired a new position in Interpublic Group of Companies, Inc. (The) in the 3rd quarter valued at approximately $3,779,000. Hennessy Advisors Inc. increased its position in Interpublic Group of Companies, Inc. (The) by 3.9% in the 3rd quarter. Hennessy Advisors Inc. now owns 87,700 shares of the business services provider’s stock valued at $1,823,000 after acquiring an additional 3,300 shares during the period. River Road Asset Management LLC increased its position in Interpublic Group of Companies, Inc. (The) by 62.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,234,467 shares of the business services provider’s stock valued at $67,245,000 after acquiring an additional 1,240,977 shares during the period. Finally, ZWJ Investment Counsel Inc. acquired a new position in Interpublic Group of Companies, Inc. (The) in the 3rd quarter valued at approximately $17,928,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Monday, July 17th. Royal Bank Of Canada cut shares of Interpublic Group of Companies, Inc. (The) from a “top pick” rating to a “sector perform” rating and decreased their price objective for the stock from $29.00 to $24.00 in a research report on Wednesday, July 26th. Telsey Advisory Group decreased their price objective on shares of Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 26th. Morgan Stanley reiterated an “equal weight” rating and set a $24.00 price objective (down from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Finally, Argus decreased their price objective on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $25.77.

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Interpublic Group of Companies, Inc. (NYSE IPG) opened at $18.67 on Tuesday. The stock has a market cap of $7,301.96, a price-to-earnings ratio of 13.62, a P/E/G ratio of 1.16 and a beta of 1.46. Interpublic Group of Companies, Inc. has a 12 month low of $18.46 and a 12 month high of $25.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.38% and a net margin of 7.43%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. analysts predict that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current year.

In other Interpublic Group of Companies, Inc. (The) news, Director H John Greeniaus sold 43,479 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were 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. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by company insiders.

Interpublic Group of Companies, Inc. (The) Profile

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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