Interpublic Group of Companies, Inc. (The) (NYSE:IPG) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 31,781,681 shares, an increase of 24.7% from the October 13th total of 25,485,787 shares. Based on an average trading volume of 9,297,891 shares, the days-to-cover ratio is currently 3.4 days. Currently, 8.2% of the company’s shares are short sold.

Several research firms have weighed in on IPG. Royal Bank Of Canada set a $24.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Credit Suisse Group set a $26.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Citigroup Inc. upgraded Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Argus cut Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Monday, July 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.77.

In other news, Director H John Greeniaus sold 43,479 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Stanley Laman Group Ltd. grew its position in Interpublic Group of Companies, Inc. (The) by 0.3% in the second quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock valued at $624,000 after acquiring an additional 67 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. First Manhattan Co. boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 2.7% during the second quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 195 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 0.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 225 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock valued at $519,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE IPG) opened at $18.67 on Tuesday. Interpublic Group of Companies, Inc. has a 12-month low of $18.46 and a 12-month high of $25.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $7,301.96, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies, Inc. (The) had a net margin of 7.43% and a return on equity of 27.38%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s revenue was down 1.0% on a year-over-year basis. equities research analysts forecast that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current year.

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Interpublic Group of Companies, Inc. (The) Company Profile

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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