Regentatlantic Capital LLC Purchases 1,418 Shares of Interpublic Group of Companies Inc (NYSE:IPG)

Regentatlantic Capital LLC boosted its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,915 shares of the business services provider’s stock after buying an additional 1,418 shares during the period. Regentatlantic Capital LLC’s holdings in Interpublic Group of Companies were worth $861,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Coastal Capital Group Inc. bought a new stake in shares of Interpublic Group of Companies in the 2nd quarter valued at approximately $26,000. Private Capital Group LLC lifted its stake in shares of Interpublic Group of Companies by 112.2% in the 2nd quarter. Private Capital Group LLC now owns 1,110 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 587 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Interpublic Group of Companies in the 3rd quarter valued at approximately $26,000. TD Capital Management LLC bought a new stake in shares of Interpublic Group of Companies in the 2nd quarter valued at approximately $42,000. Finally, Coastal Investment Advisors Inc. bought a new stake in shares of Interpublic Group of Companies in the 2nd quarter valued at approximately $43,000. 98.03% of the stock is owned by institutional investors.

NYSE:IPG opened at $21.40 on Thursday. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 2.42 and a beta of 1.11. Interpublic Group of Companies Inc has a 1 year low of $19.56 and a 1 year high of $24.68. The business has a 50 day simple moving average of $20.87 and a 200-day simple moving average of $21.79. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.97 and a quick ratio of 0.97.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Interpublic Group of Companies had a return on equity of 31.48% and a net margin of 6.42%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts expect that Interpublic Group of Companies Inc will post 1.89 earnings per share for the current fiscal year.

In other news, CEO Michael Isor Roth sold 431,594 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $23.08, for a total value of $9,961,189.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director H John Greeniaus sold 44,396 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $23.02, for a total value of $1,021,995.92. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Co assumed coverage on Interpublic Group of Companies in a research note on Monday, September 23rd. They issued a “market perform” rating and a $23.00 price objective for the company. Bank of America raised Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 10th. ValuEngine raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. TheStreet lowered Interpublic Group of Companies from a “b” rating to a “c+” rating in a research note on Thursday, August 15th. Finally, Zacks Investment Research lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Interpublic Group of Companies has an average rating of “Hold” and an average price target of $25.20.

Interpublic Group of Companies Company 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.

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

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