Morgan Dempsey Capital Management LLC lowered its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,181 shares of the business services provider’s stock after selling 246 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global X Management Co. LLC raised its position in Interpublic Group of Companies, Inc. (The) by 15.4% in the second quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock worth $156,000 after buying an additional 847 shares during the last quarter. HL Financial Services LLC raised its position in Interpublic Group of Companies, Inc. (The) by 1.4% in the second quarter. HL Financial Services LLC now owns 31,817 shares of the business services provider’s stock worth $783,000 after buying an additional 431 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in Interpublic Group of Companies, Inc. (The) during the second quarter worth $1,484,000. First Bank & Trust raised its position in Interpublic Group of Companies, Inc. (The) by 22.7% in the second quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock worth $172,000 after buying an additional 1,296 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in Interpublic Group of Companies, Inc. (The) by 0.9% in the second quarter. Retirement Systems of Alabama now owns 191,570 shares of the business services provider’s stock worth $4,713,000 after buying an additional 1,751 shares during the last quarter. 98.40% of the stock is currently owned by institutional investors.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) opened at 20.78 on Friday. The firm has a 50-day moving average of $23.59 and a 200 day moving average of $24.11. Interpublic Group of Companies, Inc. has a 12 month low of $20.75 and a 12 month high of $25.71. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 14.96 and a beta of 1.53.

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

ILLEGAL ACTIVITY NOTICE: “Interpublic Group of Companies, Inc. (The) (IPG) Position Lowered by Morgan Dempsey Capital Management LLC” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/interpublic-group-of-companies-inc-the-ipg-position-lowered-by-morgan-dempsey-capital-management-llc/1473522.html.

A number of research analysts recently weighed in on the stock. BidaskClub lowered shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research report on Thursday, July 27th. Atlantic Securities lowered shares of Interpublic Group of Companies, Inc. (The) from a “neutral” rating to an “underweight” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $26.00 price target (down from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.21.

In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total transaction of $142,018.04. Following the transaction, the senior vice president now owns 10,592 shares in the company, valued at approximately $256,961.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.49% of the stock is currently owned by corporate insiders.

Interpublic Group of Companies, Inc. (The) Company Profile

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).

Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interpublic Group of Companies, Inc. (The) (NYSE:IPG).

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

Receive News & Ratings for Interpublic Group of Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.