BI Asset Management Fondsmaeglerselskab A S Has $814,000 Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 29.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,935 shares of the business services provider’s stock after selling 10,223 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Interpublic Group of Companies were worth $814,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Marino Stram & Associates LLC grew its stake in shares of Interpublic Group of Companies by 1.2% in the 4th quarter. Marino Stram & Associates LLC now owns 26,654 shares of the business services provider’s stock valued at $870,000 after buying an additional 315 shares during the period. Bleakley Financial Group LLC increased its holdings in shares of Interpublic Group of Companies by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 7,364 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 327 shares in the last quarter. Simplicity Solutions LLC raised its position in shares of Interpublic Group of Companies by 4.6% during the fourth quarter. Simplicity Solutions LLC now owns 7,364 shares of the business services provider’s stock worth $240,000 after purchasing an additional 327 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Interpublic Group of Companies by 16.3% in the 4th quarter. Lindbrook Capital LLC now owns 2,748 shares of the business services provider’s stock worth $90,000 after purchasing an additional 385 shares in the last quarter. Finally, Keybank National Association OH grew its position in Interpublic Group of Companies by 3.3% in the 3rd quarter. Keybank National Association OH now owns 12,000 shares of the business services provider’s stock valued at $344,000 after purchasing an additional 387 shares during the period. 98.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IPG has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Barclays lifted their price target on Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company lowered their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.13.

Check Out Our Latest Research Report on IPG

Insider Buying and Selling

In related news, CFO Ellen Tobi Johnson sold 40,393 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $1,300,654.60. Following the transaction, the chief financial officer now owns 88,350 shares in the company, valued at $2,844,870. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Philippe Krakowsky sold 150,403 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $4,842,976.60. Following the completion of the transaction, the chief executive officer now directly owns 415,776 shares of the company’s stock, valued at approximately $13,387,987.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ellen Tobi Johnson sold 40,393 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $1,300,654.60. Following the sale, the chief financial officer now directly owns 88,350 shares in the company, valued at approximately $2,844,870. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 249,646 shares of company stock valued at $8,038,601. 0.42% of the stock is owned by insiders.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $31.91 on Thursday. The company has a market capitalization of $12.04 billion, a PE ratio of 11.35, a PEG ratio of 2.88 and a beta of 1.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average price is $31.54 and its 200-day moving average price is $31.71. The Interpublic Group of Companies, Inc. has a twelve month low of $27.20 and a twelve month high of $40.95.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current year.

Interpublic Group of Companies Company Profile

(Free Report)

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.

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

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