11,707 Shares in Interpublic Group of Companies Inc (IPG) Acquired by Chase Investment Counsel Corp

Chase Investment Counsel Corp purchased a new position in shares of Interpublic Group of Companies Inc (NYSE:IPG) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,707 shares of the business services provider’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Lunia Capital LP boosted its holdings in shares of Interpublic Group of Companies by 1,691.7% during the 4th quarter. Lunia Capital LP now owns 11,089,594 shares of the business services provider’s stock worth $11,090,000 after buying an additional 10,470,666 shares during the period. Norges Bank bought a new stake in shares of Interpublic Group of Companies during the 4th quarter worth $99,044,000. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Interpublic Group of Companies by 88.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,872,024 shares of the business services provider’s stock worth $162,400,000 after buying an additional 3,705,058 shares during the period. Millennium Management LLC boosted its holdings in shares of Interpublic Group of Companies by 223.3% during the 4th quarter. Millennium Management LLC now owns 3,369,483 shares of the business services provider’s stock worth $69,512,000 after buying an additional 2,327,356 shares during the period. Finally, Alps Advisors Inc. bought a new stake in shares of Interpublic Group of Companies during the 4th quarter worth $36,412,000. Institutional investors own 99.62% of the company’s stock.

In other Interpublic Group of Companies news, EVP Philippe Krakowsky sold 45,867 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $22.95, for a total value of $1,052,647.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew Bonzani sold 28,181 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $22.95, for a total transaction of $646,753.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 346,386 shares of company stock valued at $7,946,717. Insiders own 1.09% of the company’s stock.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. ValuEngine downgraded shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Finally, Royal Bank of Canada downgraded shares of Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $28.00 to $24.00 in a report on Thursday, January 17th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Interpublic Group of Companies has an average rating of “Buy” and a consensus price target of $25.38.

Shares of Interpublic Group of Companies stock opened at $23.08 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.56. Interpublic Group of Companies Inc has a fifty-two week low of $19.61 and a fifty-two week high of $25.10. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 3.78 and a beta of 1.08.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Friday, April 26th. The business services provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Interpublic Group of Companies had a net margin of 6.31% and a return on equity of 32.74%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm earned $0.04 EPS. The business’s revenue was up 13.0% on a year-over-year basis. On average, equities research analysts expect that Interpublic Group of Companies Inc will post 1.9 earnings per share for the current fiscal year.

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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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