Savant Capital LLC Makes New $303,000 Investment in Interpublic Group of Companies, Inc. (The) $IPG

Savant Capital LLC purchased a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,390 shares of the business services provider’s stock, valued at approximately $303,000.

Several other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group raised its holdings in Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock valued at $64,000 after buying an additional 391 shares during the period. Private Trust Co. NA boosted its stake in Interpublic Group of Companies by 22.9% during the second quarter. Private Trust Co. NA now owns 2,606 shares of the business services provider’s stock worth $64,000 after buying an additional 485 shares during the period. Assetmark Inc. increased its position in shares of Interpublic Group of Companies by 54.1% during the second quarter. Assetmark Inc. now owns 3,071 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 1,078 shares during the last quarter. Private Wealth Asset Management LLC raised its stake in shares of Interpublic Group of Companies by 10.9% in the 2nd quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 400 shares during the period. Finally, Ancora Advisors LLC acquired a new position in shares of Interpublic Group of Companies in the 1st quarter worth approximately $102,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Zacks Research cut Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Interpublic Group of Companies in a research report on Monday. Barclays lowered their price objective on shares of Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Finally, UBS Group cut their target price on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.18.

Interpublic Group of Companies Stock Up 0.8%

IPG stock opened at $25.23 on Wednesday. The company’s 50 day moving average price is $26.18 and its 200 day moving average price is $25.42. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. Interpublic Group of Companies, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $33.05. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 21.38 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Monday, November 10th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Company Profile

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.