Traders 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 companies 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 research analysts have recently commented on IPG shares. Jefferies Group reaffirmed a “buy” rating on shares of Interpublic Group of Cos. in a research note on Sunday, April 24th. BMO Capital Markets reaffirmed a “buy” rating on shares of Interpublic Group of Cos. in a research note on Monday, April 25th. Zacks Investment Research raised Interpublic Group of Cos. from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, May 3rd. Wedbush reaffirmed an “outperform” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Interpublic Group of Cos. in a research note on Monday, April 25th. Finally, Telsey Advisory Group raised 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $25.78.

The stock has a market capitalization of $9.28 billion and a price-to-earnings ratio of 19.15. The firm’s 50-day moving average is $23.53 and its 200-day moving average is $22.71.

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

In other Interpublic Group of Cos. news, CAO Christopher F. Carroll sold 20,000 shares of the business’s stock in a transaction dated 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 owns 39,285 shares in the company, valued at approximately $916,519.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A number of hedge funds have recently bought and sold shares of IPG. Brown Advisory Inc. increased its stake 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 during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in 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 during the last quarter. Vanguard Group Inc. increased its stake in 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. GAM Holding AG increased its stake 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 during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Interpublic Group of Cos. during the fourth quarter valued at $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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