Interpublic Group of Companies Inc (IPG) : Capital Management Corp Va reduced its stake in Interpublic Group of Companies Inc by 2.58% during the most recent quarter end. The investment management company now holds a total of 495,846 shares of Interpublic Group of Companies Inc which is valued at $11,468,918 after selling 13,118 shares in Interpublic Group of Companies Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Interpublic Group of Companies Inc makes up approximately 4.22% of Capital Management Corp Va’s portfolio.
Other Hedge Funds, Including , Quantres Asset Management Ltd added IPG to its portfolio by purchasing 9,800 company shares during the most recent quarter which is valued at $226,674. Interpublic Group of Companies Inc makes up approx 0.13% of Quantres Asset Management Ltd’s portfolio. First Quadrant L Pca sold out all of its stake in IPG during the most recent quarter. The investment firm sold 1,078,100 shares of IPG which is valued $26,122,363.Bnp Paribas Arbitrage Sa reduced its stake in IPG by selling 361,984 shares or 68.87% in the most recent quarter. The Hedge Fund company now holds 163,609 shares of IPG which is valued at $3,882,442. Interpublic Group of Companies Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.
Interpublic Group of Companies Inc opened for trading at $23.88 and hit $24.31 on the upside on Wednesday, eventually ending the session at $24.23, with a gain of 1.59% or 0.38 points. The heightened volatility saw the trading volume jump to 45,27,926 shares. Company has a market cap of $9,750 M.
On the company’s financial health, Interpublic Group of Companies Inc reported $0.33 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $1917.90 million for the quarter, compared to analysts expectations of $1934.16 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on Interpublic Group of Companies Inc. Company shares were Reiterated by Telsey Advisory Group on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $27.50 .Company shares were Reiterated by Wedbush on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .
The Interpublic Group of Companies Inc. (IPG) is a global advertising and marketing services company. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup Foote Cone & Belding Lowe and Partners IPG Mediabrands its digital specialist agencies and its domestic integrated agencies. IANs domestic integrated agencies including Hill Holliday Carmichael Lynch Dailey Tierney and Mullen provide a range of advertising marketing communications services and/or marketing services. CMG which includes Weber Shandwick Cassidy DeVries Golin FutureBrand Jack Morton and Octagon Worldwide provides diversified services including public relations meeting and event production sports and entertainment marketing corporate and brand identity and strategic marketing consulting.