Swiss National Bank Sells 339,800 Shares of Interpublic Group of Companies, Inc. (The) $IPG

Swiss National Bank lessened its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 32.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 710,800 shares of the business services provider’s stock after selling 339,800 shares during the period. Swiss National Bank owned about 0.19% of Interpublic Group of Companies worth $17,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in Interpublic Group of Companies by 72.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 585 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Interpublic Group of Companies by 20.0% during the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock valued at $64,000 after buying an additional 391 shares during the period. Private Trust Co. NA increased its stake in shares of Interpublic Group of Companies by 22.9% during the second quarter. Private Trust Co. NA now owns 2,606 shares of the business services provider’s stock valued at $64,000 after buying an additional 485 shares during the period. Assetmark Inc. raised its holdings in shares of Interpublic Group of Companies by 54.1% in the second quarter. Assetmark Inc. now owns 3,071 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Private Wealth Asset Management LLC lifted its stake in Interpublic Group of Companies by 10.9% in the second quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock worth $99,000 after acquiring an additional 400 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 2.1%

NYSE:IPG opened at $24.55 on Thursday. The company has a market capitalization of $8.92 billion, a P/E ratio of 20.80 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. The firm has a fifty day simple moving average of $26.03 and a 200-day simple moving average of $25.41.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Monday, November 10th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business posted $0.70 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IPG has been the topic of a number of research reports. Zacks Research downgraded shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Interpublic Group of Companies in a report on Monday. Finally, Barclays reduced their price target on Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and a consensus price target of $32.18.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.