Brown Advisory Inc. Sells 6,850 Shares of Interpublic Group of Companies Inc (NYSE:IPG)

Brown Advisory Inc. reduced its stake in Interpublic Group of Companies Inc (NYSE:IPG) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,622 shares of the business services provider’s stock after selling 6,850 shares during the period. Brown Advisory Inc.’s holdings in Interpublic Group of Companies were worth $859,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Prime Capital Investment Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the fourth quarter worth $29,000. CWM LLC lifted its holdings in Interpublic Group of Companies by 85.2% in the fourth quarter. CWM LLC now owns 1,880 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 865 shares during the period. Bremer Trust National Association acquired a new stake in Interpublic Group of Companies in the fourth quarter valued at $40,000. Westside Investment Management Inc. acquired a new stake in Interpublic Group of Companies in the fourth quarter valued at $41,000. Finally, Berman Capital Advisors LLC acquired a new stake in Interpublic Group of Companies in the fourth quarter valued at $56,000. Institutional investors own 99.62% of the company’s stock.

Shares of NYSE IPG traded up $0.15 during midday trading on Monday, hitting $21.94. The stock had a trading volume of 3,430,900 shares, compared to its average volume of 4,725,620. The firm has a market capitalization of $8.36 billion, a P/E ratio of 11.73, a P/E/G ratio of 4.36 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.01 and a quick ratio of 1.01. Interpublic Group of Companies Inc has a 1-year low of $19.61 and a 1-year high of $25.77.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Wednesday, February 13th. The business services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.34 billion. Interpublic Group of Companies had a return on equity of 32.07% and a net margin of 6.37%. Interpublic Group of Companies’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. On average, equities research analysts expect that Interpublic Group of Companies Inc will post 1.87 EPS for the current fiscal year.

In related news, Director Jocelyn Carter-Miller sold 5,800 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $22.46, for a total transaction of $130,268.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Philippe Krakowsky sold 45,867 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $22.95, for a total value of $1,052,647.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 346,386 shares of company stock worth $7,946,717. 1.32% of the stock is currently owned by corporate insiders.

A number of equities research analysts have commented on IPG shares. Zacks Investment Research downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Pivotal Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and raised their price target for the company from $22.00 to $25.00 in a research report on Monday, January 7th. Royal Bank of Canada cut Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $28.00 to $24.00 in a research report on Thursday, January 17th. Finally, ValuEngine cut Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $25.44.

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Interpublic Group of Companies Company Profile

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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