Ellevest Inc. Purchases 1,973 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Ellevest Inc. boosted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 20.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,462 shares of the business services provider’s stock after buying an additional 1,973 shares during the period. Ellevest Inc.’s holdings in The Interpublic Group of Companies were worth $335,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Quadrant L P CA bought a new stake in shares of The Interpublic Group of Companies in the 1st quarter valued at approximately $26,000. West Oak Capital LLC lifted its stake in shares of The Interpublic Group of Companies by 74.3% in the 1st quarter. West Oak Capital LLC now owns 1,325 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 565 shares during the last quarter. Capital Asset Advisory Services LLC bought a new stake in shares of The Interpublic Group of Companies in the 4th quarter valued at approximately $32,000. City Holding Co. bought a new stake in shares of The Interpublic Group of Companies in the 1st quarter valued at approximately $40,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of The Interpublic Group of Companies in the 1st quarter valued at approximately $45,000. 96.99% of the stock is owned by institutional investors.

In other The Interpublic Group of Companies news, Director Jocelyn Carter-Miller sold 5,714 shares of The Interpublic Group of Companies stock in a transaction dated Thursday, February 25th. The stock was sold at an average price of $26.26, for a total transaction of $150,049.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael Isor Roth sold 628,019 shares of The Interpublic Group of Companies stock in a transaction dated Wednesday, February 24th. The stock was sold at an average price of $26.75, for a total value of $16,799,508.25. The disclosure for this sale can be found here. Insiders sold a total of 733,733 shares of company stock worth $20,198,558 over the last quarter. Company insiders own 1.09% of the company’s stock.

IPG opened at $32.35 on Wednesday. The Interpublic Group of Companies, Inc. has a 52 week low of $14.35 and a 52 week high of $33.71. The stock’s fifty day moving average is $30.25 and its two-hundred day moving average is $25.64. The company has a market capitalization of $12.73 billion, a P/E ratio of 22.49, a PEG ratio of 9.86 and a beta of 1.02. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

The Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, April 28th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.29. The Interpublic Group of Companies had a return on equity of 25.71% and a net margin of 6.03%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $0.11 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 1.68 earnings per share for the current year.

IPG has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on The Interpublic Group of Companies from $26.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 29th. BMO Capital Markets lowered The Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $30.00 to $34.00 in a research note on Wednesday, April 28th. Finally, Morgan Stanley raised their price target on The Interpublic Group of Companies from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The Interpublic Group of Companies currently has a consensus rating of “Buy” and a consensus price target of $29.00.

The Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data management services.

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

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