Investors bought shares of Interpublic Group of Cos. (NYSE:IPG) on weakness during trading on Thursday. $21.56 million flowed into the stock on the tick-up and $7.98 million flowed out of the stock on the tick-down, for a money net flow of $13.58 million into the stock. Of all stocks tracked, Interpublic Group of Cos. had the 27th highest net in-flow for the day. Interpublic Group of Cos. traded down ($0.04) for the day and closed at $23.05

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Interpublic Group of Cos. from a “sell” rating to a “hold” rating in a report on Monday. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price target on shares of Interpublic Group of Cos. in a report on Friday, July 22nd. Wedbush reaffirmed an “outperform” rating and issued a $28.00 price target on shares of Interpublic Group of Cos. in a report on Monday, July 18th. Jefferies Group reissued a “buy” rating on shares of Interpublic Group of Cos. in a research note on Sunday, April 24th. Finally, Telsey Advisory Group upped 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $25.78.

The company has a market capitalization of $9.28 billion and a PE ratio of 19.14. The company has a 50-day moving average of $23.56 and a 200 day moving average of $22.70.

Interpublic Group of Cos. (NYSE:IPG) last released its earnings results on Thursday, July 21st. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. During the same period in the previous year, the business posted $0.29 EPS. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.93 billion. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that Interpublic Group of Cos. will post $1.31 EPS for the current fiscal year.

In other news, CAO Christopher F. Carroll sold 20,000 shares of Interpublic Group of Cos. stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $23.33, for a total value of $466,600.00. Following the transaction, the chief accounting officer now owns 39,285 shares of the company’s stock, valued at approximately $916,519.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Other institutional investors have made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of Interpublic Group of Cos. by 17.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 113,381 shares of the company’s stock valued at $2,640,000 after buying an additional 17,173 shares in the last quarter. Brown Advisory Inc. boosted 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 in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Interpublic Group of Cos. by 91.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 98,476 shares of the company’s stock valued at $2,293,000 after buying an additional 46,987 shares in the last quarter. Vanguard Group Inc. boosted its position 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 in the last quarter. Finally, GAM Holding AG boosted 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 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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