Dupont Capital Management Corp increased its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 129.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,522 shares of the business services provider’s stock after purchasing an additional 73,155 shares during the quarter. Dupont Capital Management Corp’s holdings in Interpublic Group of Companies, Inc. (The) were worth $2,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acrospire Investment Management LLC raised its stake in Interpublic Group of Companies, Inc. (The) by 755.0% during the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after acquiring an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. raised its stake in Interpublic Group of Companies, Inc. (The) by 35.6% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock worth $117,000 after acquiring an additional 1,254 shares in the last quarter. Exane Derivatives raised its stake in Interpublic Group of Companies, Inc. (The) by 181.3% during the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after acquiring an additional 3,631 shares in the last quarter. Global X Management Co. LLC raised its stake in Interpublic Group of Companies, Inc. (The) by 15.4% during the second quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock worth $156,000 after acquiring an additional 847 shares in the last quarter. Finally, First Bank & Trust raised its stake in Interpublic Group of Companies, Inc. (The) by 22.7% during the second quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock worth $172,000 after acquiring an additional 1,296 shares in the last quarter. 99.65% of the stock is owned by hedge funds and other institutional investors.

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Interpublic Group of Companies, Inc. (NYSE:IPG) opened at $19.09 on Tuesday. Interpublic Group of Companies, Inc. has a twelve month low of $18.81 and a twelve month high of $25.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $7,356.36, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 1.17 and a beta of 1.46.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Interpublic Group of Companies, Inc. (The) had a return on equity of 27.38% and a net margin of 7.43%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $0.31 earnings per share. Interpublic Group of Companies, Inc. (The)’s revenue for the quarter was down 1.0% on a year-over-year basis. sell-side analysts anticipate that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

IPG has been the subject of several research analyst reports. BidaskClub downgraded Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and set a $26.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research note on Thursday, July 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 price objective (down previously from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Argus lowered their price objective on Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th. Finally, Royal Bank Of Canada set a $24.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Interpublic Group of Companies, Inc. (The) presently has an average rating of “Hold” and an average price target of $25.77.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $20.50, for a total value of $410,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.49% of the stock is owned by company insiders.

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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