Profund Advisors LLC Has $397,000 Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Profund Advisors LLC trimmed its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 36.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,236 shares of the business services provider’s stock after selling 9,510 shares during the period. Profund Advisors LLC’s holdings in Interpublic Group of Companies were worth $397,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. CWM LLC grew its position in shares of Interpublic Group of Companies by 0.7% in the 1st quarter. CWM LLC now owns 91,130 shares of the business services provider’s stock valued at $2,475,000 after buying an additional 619 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Interpublic Group of Companies in the 1st quarter worth about $30,688,000. Larson Financial Group LLC lifted its stake in Interpublic Group of Companies by 12.4% in the first quarter. Larson Financial Group LLC now owns 17,237 shares of the business services provider’s stock valued at $468,000 after buying an additional 1,902 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Interpublic Group of Companies by 37.1% during the 1st quarter. Kingsview Wealth Management LLC now owns 442,466 shares of the business services provider’s stock valued at $12,017,000 after acquiring an additional 119,802 shares during the period. Finally, Tabor Asset Management LP bought a new position in shares of Interpublic Group of Companies during the 1st quarter worth about $896,000. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $25.07 on Friday. The company’s 50-day moving average is $26.30 and its 200 day moving average is $25.41. Interpublic Group of Companies, Inc. has a 1-year low of $22.51 and a 1-year high of $33.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $9.18 billion, a P/E ratio of 21.24 and a beta of 1.12.

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

Analysts Set New Price Targets

IPG has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Wednesday, October 8th. Barclays cut their price objective on Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a report on Wednesday. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. Zacks Research cut Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, UBS Group dropped their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.18.

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.