Daiwa Securities Group Inc. Decreases Holdings in Interpublic Group of Companies Inc (IPG)

Daiwa Securities Group Inc. trimmed its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 6.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,863 shares of the business services provider’s stock after selling 6,370 shares during the period. Daiwa Securities Group Inc.’s holdings in Interpublic Group of Companies were worth $2,078,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. BancorpSouth Bank lifted its stake in Interpublic Group of Companies by 12.4% during the second quarter. BancorpSouth Bank now owns 20,613 shares of the business services provider’s stock worth $483,000 after purchasing an additional 2,271 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Interpublic Group of Companies by 5.4% during the second quarter. Commonwealth Bank of Australia now owns 49,566 shares of the business services provider’s stock worth $1,157,000 after purchasing an additional 2,554 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Interpublic Group of Companies by 0.6% during the second quarter. Macquarie Group Ltd. now owns 476,222 shares of the business services provider’s stock worth $11,163,000 after purchasing an additional 2,754 shares in the last quarter. Spectrum Management Group Inc. lifted its stake in Interpublic Group of Companies by 2.2% during the third quarter. Spectrum Management Group Inc. now owns 129,715 shares of the business services provider’s stock worth $2,967,000 after purchasing an additional 2,785 shares in the last quarter. Finally, Alpha Windward LLC lifted its stake in Interpublic Group of Companies by 12.4% during the third quarter. Alpha Windward LLC now owns 25,492 shares of the business services provider’s stock worth $583,000 after purchasing an additional 2,820 shares in the last quarter. Institutional investors own 99.65% of the company’s stock.

A number of research analysts have commented on the company. ValuEngine upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Zacks Investment Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, October 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 price objective on shares of Interpublic Group of Companies in a research note on Monday, October 15th. BMO Capital Markets increased their price objective on Interpublic Group of Companies from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, October 24th. Finally, JPMorgan Chase & Co. assumed coverage on Interpublic Group of Companies in a research note on Thursday, October 11th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Interpublic Group of Companies has a consensus rating of “Hold” and an average price target of $25.56.

Shares of NYSE IPG opened at $23.84 on Friday. The firm has a market capitalization of $9.01 billion, a PE ratio of 16.91, a P/E/G ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.24 and a current ratio of 1.24. Interpublic Group of Companies Inc has a 12-month low of $18.30 and a 12-month high of $26.01.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Friday, October 19th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Interpublic Group of Companies had a return on equity of 30.99% and a net margin of 6.62%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.31 earnings per share. As a group, analysts anticipate that Interpublic Group of Companies Inc will post 1.74 earnings per share for the current year.

In related news, Director H John Greeniaus sold 5,000 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $23.50, for a total value of $117,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Frank Mergenthaler sold 50,000 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $22.46, for a total value of $1,123,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,735 shares of company stock worth $1,443,501. Insiders own 1.49% of the company’s stock.

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Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

See Also: Fiduciary

Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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