Boston Partners Sells 20,353 Shares of Interpublic Group of Companies, Inc. (The) $IPG

Boston Partners trimmed its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,303,565 shares of the business services provider’s stock after selling 20,353 shares during the quarter. Boston Partners owned 0.36% of Interpublic Group of Companies worth $31,915,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IPG. Canada Pension Plan Investment Board increased its position in shares of Interpublic Group of Companies by 5.1% during the first quarter. Canada Pension Plan Investment Board now owns 13,885,384 shares of the business services provider’s stock valued at $377,127,000 after buying an additional 674,938 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Interpublic Group of Companies by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,781,455 shares of the business services provider’s stock valued at $374,304,000 after acquiring an additional 842,925 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Interpublic Group of Companies by 49.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock valued at $231,138,000 after purchasing an additional 2,797,490 shares during the period. Deutsche Bank AG boosted its holdings in Interpublic Group of Companies by 32.0% in the 1st quarter. Deutsche Bank AG now owns 4,972,412 shares of the business services provider’s stock valued at $135,051,000 after purchasing an additional 1,206,542 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Interpublic Group of Companies by 4.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,867,134 shares of the business services provider’s stock valued at $132,191,000 after purchasing an additional 196,906 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

IPG has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Interpublic Group of Companies in a research report on Wednesday, October 8th. Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Zacks Research downgraded Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. UBS Group decreased their price objective on shares of 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. Finally, Barclays lowered their target price on shares of Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.18.

Interpublic Group of Companies Stock Performance

Shares of NYSE:IPG opened at $25.49 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 21.60 and a beta of 1.12. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. The company has a 50-day moving average price of $26.33 and a 200-day moving average price of $25.41.

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