Interpublic Group of Cos. (NYSE:IPG) was down 1.3% during trading on Thursday . The stock traded as low as $23.56 and last traded at $23.85, with a volume of 3,222,453 shares trading hands. The stock had previously closed at $24.16.

Several equities research analysts have recently commented on IPG shares. Telsey Advisory Group lifted their target price on Interpublic Group of Cos. from $27.50 to $28.00 and gave the company an “outperform” rating in a research note on Monday, April 25th. Zacks Investment Research cut Interpublic Group of Cos. from a “buy” rating to a “hold” rating in a research note on Monday, June 27th. Wedbush reissued an “outperform” rating and issued a $28.00 target price (up from $26.00) on shares of Interpublic Group of Cos. in a research note on Monday, April 25th. BMO Capital Markets reissued a “buy” rating on shares of Interpublic Group of Cos. in a research note on Monday, April 25th. Finally, Jefferies Group reissued a “buy” rating on shares of Interpublic Group of Cos. in a research note on Sunday, April 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $25.75.

The firm has a market cap of $9.57 billion and a PE ratio of 21.53. The firm has a 50-day moving average of $23.68 and a 200-day moving average of $22.67.

Interpublic Group of Cos. (NYSE:IPG) last released its earnings results on Friday, April 22nd. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.71 billion. The business’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that Interpublic Group of Cos. will post $1.31 EPS for the current year.

In other Interpublic Group of Cos. news, CEO Michael Isor Roth sold 500,000 shares of the company’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $23.25, for a total transaction of $11,625,000.00. Following the completion of the sale, the chief executive officer now directly owns 865,986 shares in the company, valued at $20,134,174.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher F. Carroll sold 20,000 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $23.33, for a total value of $466,600.00. Following the sale, the chief accounting officer now owns 39,285 shares of the company’s stock, valued at $916,519.05. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently made changes to their positions in the company. Brown Advisory Inc. increased its position in shares of Interpublic Group of Cos. by 175.2% in the fourth quarter. Brown Advisory Inc. now owns 43,470 shares of the company’s stock valued at $1,012,000 after buying an additional 27,676 shares during the period. US Bancorp DE increased its position in shares of Interpublic Group of Cos. by 2.9% in the fourth quarter. US Bancorp DE now owns 48,733 shares of the company’s stock valued at $1,135,000 after buying an additional 1,392 shares during the period. BOKF NA increased its position in shares of Interpublic Group of Cos. by 86.0% in the fourth quarter. BOKF NA now owns 49,592 shares of the company’s stock valued at $1,155,000 after buying an additional 22,929 shares during the period. GAM Holding AG increased its position in shares of Interpublic Group of Cos. by 246.4% in the fourth quarter. GAM Holding AG now owns 63,677 shares of the company’s stock valued at $1,482,000 after buying an additional 45,294 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Interpublic Group of Cos. during the fourth quarter valued at about $1,937,000.

The Interpublic Group of Companies, Inc (IPG) is an advertising and marketing services company. IPG’s companies are engaged in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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