Interpublic Group of Cos. (NYSE:IPG) shares saw unusually-strong trading volume on Friday . Approximately 5,073,968 shares were traded during mid-day 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 research analysts recently issued reports on IPG shares. Telsey Advisory Group raised their target price 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 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 reiterated 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 report on Sunday, April 24th. Finally, Zacks Investment Research lowered shares of Interpublic Group of Cos. from a “buy” rating to a “hold” rating in a research report 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 company. The company presently has a consensus rating of “Buy” and a consensus target price of $25.78.

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

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

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

Several institutional investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. boosted its position in 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 in the last quarter. US Bancorp DE boosted its position in 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 in the last quarter. BOKF NA boosted its position in 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 in the last quarter. GAM Holding AG boosted its position in 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 in the last quarter. Finally, Utah Retirement Systems boosted its position in Interpublic Group of Cos. by 0.3% in the fourth quarter. Utah Retirement Systems now owns 74,045 shares of the company’s stock valued at $1,723,000 after buying an additional 200 shares in 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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