Interpublic Group of Companies Inc (NYSE:IPG) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its holdings in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 47.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,144 shares of the business services provider’s stock after selling 41,360 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Interpublic Group of Companies were worth $1,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Trust N.A. raised its position in Interpublic Group of Companies by 2.2% during the second quarter. Raymond James Trust N.A. now owns 22,075 shares of the business services provider’s stock worth $499,000 after acquiring an additional 471 shares during the last quarter. Clark Capital Management Group Inc. raised its position in Interpublic Group of Companies by 7.1% during the second quarter. Clark Capital Management Group Inc. now owns 828,759 shares of the business services provider’s stock worth $18,722,000 after acquiring an additional 54,792 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Interpublic Group of Companies by 24.5% during the second quarter. Nisa Investment Advisors LLC now owns 132,248 shares of the business services provider’s stock worth $2,987,000 after acquiring an additional 26,050 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in Interpublic Group of Companies by 12.7% during the second quarter. Xact Kapitalforvaltning AB now owns 74,264 shares of the business services provider’s stock worth $1,678,000 after acquiring an additional 8,347 shares during the last quarter. Finally, Exane Derivatives raised its position in Interpublic Group of Companies by 2,760.0% during the second quarter. Exane Derivatives now owns 3,003 shares of the business services provider’s stock worth $68,000 after acquiring an additional 2,898 shares during the last quarter. Institutional investors own 99.65% of the company’s stock.

In related news, Director H John Greeniaus sold 44,396 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $23.02, for a total value of $1,021,995.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Isor Roth sold 431,594 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $23.08, for a total transaction of $9,961,189.52. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by insiders.

A number of brokerages have issued reports on IPG. ValuEngine cut shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BMO Capital Markets cut their price objective on shares of Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Zacks Investment Research lowered shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Wednesday, July 3rd. Finally, Bank of America raised shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $25.71.

Shares of NYSE:IPG traded down $0.27 during trading on Wednesday, reaching $21.02. The stock had a trading volume of 264,215 shares, compared to its average volume of 3,376,838. The firm’s fifty day moving average is $22.78. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.04. The firm has a market cap of $8.43 billion, a PE ratio of 11.30, a P/E/G ratio of 2.45 and a beta of 1.06. Interpublic Group of Companies Inc has a fifty-two week low of $19.61 and a fifty-two week high of $25.10.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, July 23rd. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Interpublic Group of Companies had a net margin of 6.46% and a return on equity of 32.03%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. Interpublic Group of Companies’s revenue was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Interpublic Group of Companies Inc will post 1.89 earnings per share for the current fiscal year.

Interpublic Group of Companies 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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