Spectrum Management Group Inc. Has $2.98 Million Holdings in Interpublic Group of Companies Inc (IPG)

Spectrum Management Group Inc. raised its stake in Interpublic Group of Companies Inc (NYSE:IPG) by 69.1% during the 2nd quarter, Holdings Channel reports. The firm owned 126,930 shares of the business services provider’s stock after buying an additional 51,850 shares during the quarter. Interpublic Group of Companies accounts for 1.0% of Spectrum Management Group Inc.’s investment portfolio, making the stock its 20th biggest holding. Spectrum Management Group Inc.’s holdings in Interpublic Group of Companies were worth $2,975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Xact Kapitalforvaltning AB boosted its holdings in Interpublic Group of Companies by 7.3% in the fourth quarter. Xact Kapitalforvaltning AB now owns 70,634 shares of the business services provider’s stock worth $1,424,000 after acquiring an additional 4,805 shares in the last quarter. LPL Financial LLC boosted its holdings in Interpublic Group of Companies by 541.7% in the fourth quarter. LPL Financial LLC now owns 94,109 shares of the business services provider’s stock worth $1,897,000 after acquiring an additional 79,444 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Interpublic Group of Companies by 2.3% in the first quarter. Great West Life Assurance Co. Can now owns 473,666 shares of the business services provider’s stock worth $10,911,000 after acquiring an additional 10,689 shares in the last quarter. BlackRock Inc. boosted its holdings in Interpublic Group of Companies by 34.5% in the first quarter. BlackRock Inc. now owns 53,669,637 shares of the business services provider’s stock worth $1,236,011,000 after acquiring an additional 13,763,034 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in Interpublic Group of Companies by 15.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,515 shares of the business services provider’s stock worth $414,000 after acquiring an additional 2,792 shares in the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Shares of Interpublic Group of Companies traded down $0.20, reaching $22.22, on Monday, Marketbeat reports. 141,672 shares of the stock were exchanged, compared to its average volume of 4,651,941. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.61. Interpublic Group of Companies Inc has a twelve month low of $18.30 and a twelve month high of $26.01. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, July 24th. The business services provider reported $0.43 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.43. Interpublic Group of Companies had a return on equity of 28.53% and a net margin of 6.75%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. research analysts anticipate that Interpublic Group of Companies Inc will post 1.72 EPS for the current fiscal year.

In related news, Director H John Greeniaus sold 33,573 shares of Interpublic Group of Companies stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $24.15, for a total transaction of $810,787.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Guilfoile sold 8,392 shares of Interpublic Group of Companies stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $24.04, for a total value of $201,743.68. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.

Several equities research analysts have weighed in on the company. ValuEngine downgraded Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Zacks Investment Research downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Wells Fargo & Co reissued a “hold” rating and issued a $26.00 price target on shares of Interpublic Group of Companies in a report on Monday, April 30th. Pivotal Research lowered their price target on Interpublic Group of Companies from $25.00 to $23.00 and set a “hold” rating for the company in a report on Tuesday, July 3rd. Finally, Moffett Nathanson assumed coverage on Interpublic Group of Companies in a report on Tuesday, June 19th. They issued a “neutral” rating and a $23.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.18.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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