Shares of Interpublic Group of Cos. (NYSE:IPG) saw unusually-strong trading volume on Friday . Approximately 5,073,968 shares were traded during trading, a decline of 6% from the previous session’s volume of 5,399,561 shares.The stock last traded at $23.31 and had previously closed at $22.81.

A number of equities analysts have recently issued reports on IPG shares. Telsey Advisory Group increased their price objective on shares of 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. Wedbush reiterated an “outperform” rating and set a $28.00 price objective (up from $26.00) on shares of Interpublic Group of Cos. in a research note on Monday, April 25th. BMO Capital Markets restated a “buy” rating on shares of Interpublic Group of Cos. in a research note on Monday, April 25th. Jefferies Group restated a “buy” rating on shares of Interpublic Group of Cos. in a research note on Sunday, April 24th. Finally, Zacks Investment Research downgraded shares of Interpublic Group of Cos. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.78.

The company has a market capitalization of $9.31 billion and a price-to-earnings ratio of 20.93. The company has a 50 day moving average of $23.65 and a 200-day moving average of $22.69.

Interpublic Group of Cos. (NYSE:IPG) last announced its earnings results on Thursday, July 21st. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. During the same period in the previous year, the company earned $0.29 earnings per share. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Interpublic Group of Cos.’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts predict that Interpublic Group of Cos. will post $1.31 EPS for the current fiscal year.

In related news, SVP Ellen Tobi Johnson sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $22.84, for a total transaction of $274,080.00. Following the sale, the senior vice president now directly owns 52,257 shares of the company’s stock, valued at approximately $1,193,549.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Christopher F. Carroll sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $23.33, for a total transaction of $466,600.00. Following the sale, the chief accounting officer now directly owns 39,285 shares in the company, valued at $916,519.05. The disclosure for this sale can be found here.

A number of large investors have made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Interpublic Group of Cos. by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 34,707,199 shares of the company’s stock valued at $807,984,000 after buying an additional 692,485 shares during the last quarter. Harris Associates L P increased its stake in shares of Interpublic Group of Cos. by 2.0% in the fourth quarter. Harris Associates L P now owns 18,405,398 shares of the company’s stock valued at $428,478,000 after buying an additional 353,085 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Interpublic Group of Cos. by 7.3% in the fourth quarter. Schroder Investment Management Group now owns 2,416,838 shares of the company’s stock valued at $56,264,000 after buying an additional 165,418 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Interpublic Group of Cos. by 11.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,479,973 shares of the company’s stock valued at $34,453,000 after buying an additional 156,973 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Interpublic Group of Cos. by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 1,187,764 shares of the company’s stock valued at $27,651,000 after buying an additional 7,800 shares during the last quarter.

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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