Interpublic Group of Companies Inc (IPG) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lowered its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,110,992 shares of the business services provider’s stock after selling 193,627 shares during the period. River Road Asset Management LLC owned about 0.55% of Interpublic Group of Companies worth $48,278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Interpublic Group of Companies by 0.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 27,243,006 shares of the business services provider’s stock valued at $638,576,000 after acquiring an additional 95,003 shares during the last quarter. Ariel Investments LLC lifted its stake in shares of Interpublic Group of Companies by 0.4% in the 2nd quarter. Ariel Investments LLC now owns 7,706,271 shares of the business services provider’s stock valued at $180,635,000 after acquiring an additional 28,507 shares during the last quarter. Hamlin Capital Management LLC lifted its stake in shares of Interpublic Group of Companies by 11.3% in the 3rd quarter. Hamlin Capital Management LLC now owns 2,978,860 shares of the business services provider’s stock valued at $68,127,000 after acquiring an additional 301,245 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Interpublic Group of Companies by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,717,435 shares of the business services provider’s stock valued at $63,702,000 after acquiring an additional 43,742 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Interpublic Group of Companies by 5.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,087,147 shares of the business services provider’s stock valued at $48,923,000 after acquiring an additional 107,658 shares during the last quarter. 99.93% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on IPG shares. Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, September 25th. Citigroup boosted their target price on Interpublic Group of Companies from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 19th. Morgan Stanley reissued an “equal weight” rating and issued a $24.00 target price on shares of Interpublic Group of Companies in a research note on Monday, October 15th. ValuEngine raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, BMO Capital Markets boosted their target price on Interpublic Group of Companies from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.56.

IPG opened at $22.80 on Friday. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.24 and a quick ratio of 1.24. Interpublic Group of Companies Inc has a one year low of $18.30 and a one year high of $26.01.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Friday, October 19th. The business services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Interpublic Group of Companies had a return on equity of 30.99% and a net margin of 6.62%. Interpublic Group of Companies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. Equities research analysts forecast that Interpublic Group of Companies Inc will post 1.74 EPS for the current fiscal year.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $23.50, for a total transaction of $117,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Frank Mergenthaler sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $22.46, for a total value of $1,123,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

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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