Traders sold shares of Interpublic Group of Cos. (NYSE:IPG) on strength during trading hours on Monday. $8.94 million flowed into the stock on the tick-up and $23.74 million flowed out of the stock on the tick-down, for a money net flow of $14.80 million out of the stock. Of all stocks tracked, Interpublic Group of Cos. had the 0th highest net out-flow for the day. Interpublic Group of Cos. traded up $0.02 for the day and closed at $23.08

IPG has been the subject of a number of research reports. Telsey Advisory Group boosted their target price on Interpublic Group of Cos. from $27.50 to $28.00 and gave the stock an “outperform” rating in a report on Monday, April 25th. Zacks Investment Research cut Interpublic Group of Cos. from a “buy” rating to a “hold” rating in a report on Monday, June 27th. Wedbush reiterated an “outperform” rating and set a $28.00 target price on shares of Interpublic Group of Cos. in a report on Monday, July 18th. BMO Capital Markets reiterated a “buy” rating and set a $26.00 target price on shares of Interpublic Group of Cos. in a report on Friday, July 22nd. Finally, Jefferies Group reiterated a “buy” rating on shares of Interpublic Group of Cos. in a report on Monday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.78.

The stock’s 50-day moving average price is $23.50 and its 200 day moving average price is $22.73. The firm has a market cap of $9.29 billion and a P/E ratio of 19.17.

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

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 in the last quarter. Schroder Investment Management Group increased its stake in 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 worth $56,264,000 after buying an additional 165,418 shares during the period. Victory Capital Management Inc. increased its stake in 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 worth $34,453,000 after buying an additional 156,973 shares during the period. BlackRock Advisors LLC increased its stake in Interpublic Group of Cos. by 42.9% in the fourth quarter. BlackRock Advisors LLC now owns 1,266,051 shares of the company’s stock worth $29,474,000 after buying an additional 380,376 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Interpublic Group of Cos. by 39.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,050,634 shares of the company’s stock worth $24,459,000 after buying an additional 295,055 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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