Interpublic Group of Cos. (NYSE:IPG)’s share price traded down 6.3% during trading on Thursday . The company traded as low as $22.58 and last traded at $22.71, with a volume of 12,003,052 shares. The stock had previously closed at $24.23.

A number of equities analysts have recently commented on the company. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price objective on shares of Interpublic Group of Cos. in a research note on Friday. Wedbush reiterated an “outperform” rating and issued a $28.00 price objective on shares of Interpublic Group of Cos. in a research note on Monday, July 18th. Zacks Investment Research lowered Interpublic Group of Cos. from a “hold” rating to a “sell” rating in a research note on Friday, July 15th. Jefferies Group reiterated a “buy” rating on shares of Interpublic Group of Cos. in a research note on Sunday, April 24th. Finally, Telsey Advisory Group lifted their price objective on Interpublic Group of Cos. from $27.50 to $28.00 and gave the stock an “outperform” rating in a research note on Monday, April 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Interpublic Group of Cos. has a consensus rating of “Buy” and an average target price of $25.78.

The company has a market cap of $9.31 billion and a P/E ratio of 20.93. The firm’s 50 day moving average price is $23.65 and its 200-day moving average price is $22.69.

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

In related news, CAO Christopher F. Carroll sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $23.33, for a total value of $466,600.00. Following the completion of the sale, the chief accounting officer now directly owns 39,285 shares in the company, valued at approximately $916,519.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Julie Connors sold 10,700 shares of the firm’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $23.21, for a total transaction of $248,347.00. Following the completion of the sale, the senior vice president now owns 19,788 shares of the company’s stock, valued at $459,279.48. The disclosure for this sale can be found here.

Other large investors have recently modified their holdings of the company. Airain ltd increased its stake in shares of Interpublic Group of Cos. by 78.9% in the fourth quarter. Airain ltd now owns 82,136 shares of the company’s stock valued at $1,912,000 after buying an additional 36,219 shares during the period. State of Tennessee Treasury Department increased its stake in shares of Interpublic Group of Cos. by 41.6% in the fourth quarter. State of Tennessee Treasury Department now owns 388,062 shares of the company’s stock valued at $9,034,000 after buying an additional 113,962 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Interpublic Group of Cos. by 10.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 378,790 shares of the company’s stock valued at $8,818,000 after buying an additional 37,186 shares during the period. Stephens Inc. AR increased its stake in shares of Interpublic Group of Cos. by 4.1% in the fourth quarter. Stephens Inc. AR now owns 239,827 shares of the company’s stock valued at $5,583,000 after buying an additional 9,363 shares during the period. Finally, I.G. Investment Management LTD. increased its stake in shares of Interpublic Group of Cos. by 1.1% in the fourth quarter. I.G. Investment Management LTD. now owns 442,853 shares of the company’s stock valued at $10,310,000 after buying an additional 4,862 shares during the period.

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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