Freestone Capital Holdings buys $19,193,685 stake in Interpublic Group of Companies Inc (IPG)

Interpublic Group of Companies Inc (IPG) : Freestone Capital Holdings scooped up 5,832 additional shares in Interpublic Group of Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 827,314 shares of Interpublic Group of Companies Inc which is valued at $19,193,685.Interpublic Group of Companies Inc makes up approximately 1.78% of Freestone Capital Holdings’s portfolio.

Other Hedge Funds, Including , Tlp Group added IPG to its portfolio by purchasing 24,377 company shares during the most recent quarter which is valued at $555,796. Interpublic Group of Companies Inc makes up approx 0.33% of Tlp Group’s portfolio.Ubs Asset Management Americas Inc boosted its stake in IPG in the latest quarter, The investment management firm added 25,072 additional shares and now holds a total of 967,583 shares of Interpublic Group of Companies Inc which is valued at $22,283,436. Interpublic Group of Companies Inc makes up approx 0.02% of Ubs Asset Management Americas Inc’s portfolio.Hl Financial Services boosted its stake in IPG in the latest quarter, The investment management firm added 2,676 additional shares and now holds a total of 24,692 shares of Interpublic Group of Companies Inc which is valued at $570,138. Interpublic Group of Companies Inc makes up approx 0.01% of Hl Financial Services’s portfolio.

Interpublic Group of Companies Inc opened for trading at $23.03 and hit $23.22 on the upside on Friday, eventually ending the session at $23.16, with a gain of 0.39% or 0.09 points. The heightened volatility saw the trading volume jump to 20,30,565 shares. Company has a market cap of $9,280 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.

Investors should note that on Aug 10, 2016, Interpublic Group of Companies Inc announced a cash dividend of $0.1500. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.

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. IAN’s 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.

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