Stoneridge Investment Partners LLC decreased its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 55.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,068 shares of the business services provider’s stock after selling 11,432 shares during the period. Stoneridge Investment Partners LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position 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 during the last quarter. Global X Management Co. LLC raised its position 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 during the last quarter. Exane Derivatives raised its position 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 during the last quarter. First Bank & Trust purchased a new position 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 position 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 during the last quarter. 98.40% of the stock is owned by institutional investors.

Shares of Interpublic Group of Companies, Inc. (IPG) opened at 20.67 on Friday. 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 52 week low of $20.65 and a 52 week high of $25.71. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 14.88 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced 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. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. On average, analysts anticipate that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally published by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/13/interpublic-group-of-companies-inc-the-ipg-stake-cut-by-stoneridge-investment-partners-llc.html.

Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $26.00 price objective (down from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, June 26th. Finally, Atlantic Securities lowered shares of Interpublic Group of Companies, Inc. (The) from a “neutral” rating to an “underweight” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The company presently 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 the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total transaction 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 approximately $256,961.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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).

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.