Bessemer Group Inc. maintained its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) during the second quarter, Holdings Channel reports. The firm owned 86,826 shares of the business services provider’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in Interpublic Group of Companies, Inc. (The) were worth $2,136,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock valued at $135,000 after buying an additional 331 shares in the last quarter. Global X Management Co. LLC raised its stake in Interpublic Group of Companies, Inc. (The) by 29.9% in the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,266 shares in the last quarter. Exane Derivatives raised its stake in Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock valued at $139,000 after buying an additional 3,631 shares in the last quarter. First Bank & Trust acquired a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter valued at approximately $140,000. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Interpublic Group of Companies, Inc. (The) by 120.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,285 shares of the business services provider’s stock valued at $179,000 after buying an additional 3,973 shares in the last quarter. Institutional investors and hedge funds own 98.40% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 21.14 on Thursday. The company’s 50 day moving average is $23.68 and its 200 day moving average is $24.14. Interpublic Group of Companies, Inc. has a 52 week low of $20.93 and a 52 week high of $25.71. The stock has a market cap of $8.31 billion, a P/E ratio of 15.22 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.07. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. Interpublic Group of Companies, Inc. (The)’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. Equities analysts predict that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.

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Several analysts have recently commented on IPG shares. Royal Bank Of Canada set a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, June 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, June 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, April 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $26.21.

In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total value of $142,018.04. Following the completion of the sale, the senior vice president now directly owns 10,592 shares in the company, valued at $256,961.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.49% of the stock is owned by insiders.

About Interpublic Group of Companies, Inc. (The)

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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Institutional Ownership by Quarter for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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