Korea Investment CORP reduced its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 17.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,900 shares of the business services provider’s stock after selling 72,700 shares during the period. Korea Investment CORP’s holdings in Interpublic Group of Companies, Inc. (The) were worth $8,509,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IPG. Global X Management Co. LLC raised its position in Interpublic Group of Companies, Inc. (The) by 29.9% in the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after buying an additional 1,266 shares during the period. Van ECK Associates Corp increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock worth $135,000 after buying an additional 331 shares in the last quarter. Exane Derivatives increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after buying an additional 3,631 shares in the last quarter. First Bank & Trust bought a new stake in shares of Interpublic Group of Companies, Inc. (The) during the first quarter worth $140,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 120.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,285 shares of the business services provider’s stock worth $179,000 after buying an additional 3,973 shares in the last quarter. Institutional investors own 98.40% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 21.14 on Thursday. Interpublic Group of Companies, Inc. has a 12-month low of $20.93 and a 12-month high of $25.71. The company has a 50-day moving average of $23.68 and a 200 day moving average of $24.14. The company has a market cap of $8.31 billion, a PE ratio of 15.22 and a beta of 1.53.

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

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A number of equities research analysts recently weighed in on IPG shares. BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Evercore ISI started coverage on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, April 17th. They issued an “outperform” rating and a $28.00 target price on the stock. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Monday, April 17th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, April 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research note on Thursday, April 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) presently has an average rating of “Hold” and a consensus price target of $26.21.

In other news, SVP Julie Connors sold 5,854 shares of the stock in a transaction on Thursday, June 22nd. The stock was 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 of the company’s stock, valued at approximately $256,961.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.49% of the stock is currently owned by corporate 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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