NJ State Employees Deferred Compensation Plan maintained its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) during the second quarter, Holdings Channel reports. The firm owned 9,000 shares of the business services provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Interpublic Group of Companies, Inc. (The) were worth $221,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the company. Nationwide Fund Advisors raised its stake in Interpublic Group of Companies, Inc. (The) by 1.9% in the first quarter. Nationwide Fund Advisors now owns 111,130 shares of the business services provider’s stock valued at $2,730,000 after buying an additional 2,028 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in Interpublic Group of Companies, Inc. (The) by 3.8% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 331,925 shares of the business services provider’s stock valued at $8,155,000 after buying an additional 12,117 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter valued at approximately $205,000. Bank of The West acquired a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter valued at approximately $914,000. Finally, DnB Asset Management AS raised its stake in Interpublic Group of Companies, Inc. (The) by 9.5% in the first quarter. DnB Asset Management AS now owns 42,800 shares of the business services provider’s stock valued at $1,052,000 after buying an additional 3,700 shares during the last quarter. 98.40% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies, Inc. (IPG) opened at 20.78 on Friday. The stock’s 50 day moving average is $23.59 and its 200 day moving average is $24.11. The stock has a market capitalization of $8.17 billion, a PE ratio of 14.96 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 12-month low of $20.75 and a 12-month high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by $0.07. The company 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 return on equity of 27.72% and a net margin of 7.19%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. Equities analysts anticipate that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/11/interpublic-group-of-companies-inc-the-ipg-position-held-by-nj-state-employees-deferred-compensation-plan.html.

Several research firms recently commented on IPG. Zacks Investment Research lowered shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. BMO Capital Markets reiterated a “buy” rating and issued a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, April 17th. Evercore ISI started coverage on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, April 17th. They issued an “outperform” rating and a $28.00 target price on the stock. Macquarie downgraded shares of Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $28.00 to $24.00 in a research note on Tuesday, June 6th. Finally, BidaskClub upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. Interpublic Group of Companies, Inc. (The) has an average rating of “Hold” and a consensus target price of $26.21.

In related 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 approximately $256,961.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.49% of the stock is owned by company 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).

Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interpublic Group of Companies, Inc. (The) (NYSE:IPG).

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

Receive News & Ratings for Interpublic Group of Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.