HL Financial Services LLC increased its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,817 shares of the business services provider’s stock after buying an additional 431 shares during the period. HL Financial Services LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $783,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of IPG. Macquarie Group Ltd. boosted its stake in Interpublic Group of Companies, Inc. (The) by 50.7% in the fourth quarter. Macquarie Group Ltd. now owns 155,618 shares of the business services provider’s stock valued at $3,642,000 after buying an additional 52,366 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 339,257 shares of the business services provider’s stock valued at $8,335,000 after buying an additional 6,774 shares during the period. Gulf International Bank UK Ltd boosted its stake in Interpublic Group of Companies, Inc. (The) by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 130,950 shares of the business services provider’s stock valued at $3,217,000 after buying an additional 1,700 shares during the period. National Pension Service boosted its stake in Interpublic Group of Companies, Inc. (The) by 8.1% in the first quarter. National Pension Service now owns 430,664 shares of the business services provider’s stock valued at $10,586,000 after buying an additional 32,369 shares during the period. Finally, Bank of Montreal Can boosted its stake in Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. Bank of Montreal Can now owns 156,301 shares of the business services provider’s stock valued at $3,841,000 after buying an additional 3,119 shares during the period. Hedge funds and other institutional investors own 98.40% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (IPG) opened at 20.67 on Friday. Interpublic Group of Companies, Inc. has a one year low of $20.65 and a one year high of $25.71. The firm has a 50-day moving average of $23.49 and a 200-day moving average of $24.09. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 14.88 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

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IPG has been the topic of several research reports. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday, April 17th. Evercore ISI initiated coverage on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. They set an “outperform” rating and a $28.00 price objective on the stock. BMO Capital Markets restated a “buy” rating and set a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. Telsey Advisory Group raised their price objective on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, April 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, May 22nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.21.

In other news, SVP Julie Connors sold 5,854 shares of the stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total value of $142,018.04. Following the sale, the senior vice president now owns 10,592 shares of the company’s stock, valued at $256,961.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.49% of the company’s stock.

About Interpublic Group of Companies, Inc. (The)

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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

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