Teacher Retirement System of Texas boosted its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,250,921 shares of the business services provider’s stock after buying an additional 3,061 shares during the period. Teacher Retirement System of Texas’ holdings in Interpublic Group of Companies, Inc. (The) were worth $30,773,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Vanguard Group Inc. now owns 39,548,092 shares of the business services provider’s stock worth $971,696,000 after buying an additional 2,396,037 shares during the period. BlackRock Inc. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 1,377.1% in the first quarter. BlackRock Inc. now owns 35,267,293 shares of the business services provider’s stock worth $866,520,000 after buying an additional 32,879,667 shares during the period. Boston Partners raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.7% in the second quarter. Boston Partners now owns 21,969,850 shares of the business services provider’s stock worth $540,459,000 after buying an additional 376,427 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 22.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,648,240 shares of the business services provider’s stock worth $458,188,000 after buying an additional 3,411,539 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 7,044,673 shares of the business services provider’s stock worth $173,087,000 after buying an additional 1,802,258 shares during the period. Institutional investors own 98.40% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.67 on Friday. The firm has a market cap of $8.13 billion, a P/E ratio of 14.88 and a beta of 1.53. The stock’s 50 day moving average is $23.49 and its 200 day moving average is $24.09. Interpublic Group of Companies, Inc. has a one year low of $20.65 and a one year high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued 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 firm 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%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. On average, equities research analysts expect that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.

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A number of analysts recently issued reports on IPG shares. 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. 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 price target for the company. 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 for the company in a research note on Monday, April 17th. Royal Bank Of Canada restated a “buy” rating and issued a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Friday, July 14th. Finally, Telsey Advisory Group lifted their price target on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $26.21.

In related news, SVP Julie Connors sold 5,854 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total value of $142,018.04. Following the completion of the transaction, the senior vice president now directly owns 10,592 shares in the company, valued at $256,961.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.49% of the company’s stock.

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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