Enlightenment Research LLC Buys New Stake in Interpublic Group of Companies Inc (IPG)

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Enlightenment Research LLC bought a new stake in shares of Interpublic Group of Companies Inc (NYSE:IPG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,100 shares of the business services provider’s stock, valued at approximately $208,000.

Other large investors have also made changes to their positions in the company. CWM LLC boosted its position in shares of Interpublic Group of Companies by 85.2% during the fourth quarter. CWM LLC now owns 1,880 shares of the business services provider’s stock valued at $39,000 after buying an additional 865 shares during the period. Westside Investment Management Inc. purchased a new position in shares of Interpublic Group of Companies during the fourth quarter valued at approximately $41,000. Trust Co. of Vermont raised its stake in shares of Interpublic Group of Companies by 33.8% during the fourth quarter. Trust Co. of Vermont now owns 3,829 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 968 shares in the last quarter. Dupont Capital Management Corp raised its stake in shares of Interpublic Group of Companies by 39.9% during the fourth quarter. Dupont Capital Management Corp now owns 5,303 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 1,513 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of Interpublic Group of Companies by 1,555.2% during the fourth quarter. CENTRAL TRUST Co now owns 5,545 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 5,210 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Several research firms have recently weighed in on IPG. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets lifted their price target on shares of 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. Citigroup lifted their price target on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 19th. Finally, Royal Bank of Canada downgraded shares of Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $28.00 to $24.00 in a research note on Thursday, January 17th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.44.

Interpublic Group of Companies stock opened at $22.70 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.50. Interpublic Group of Companies Inc has a fifty-two week low of $19.61 and a fifty-two week high of $26.01. The company has a market cap of $8.33 billion, a PE ratio of 16.10, a P/E/G ratio of 1.61 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, February 13th. The business services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.10. Interpublic Group of Companies had a net margin of 6.62% and a return on equity of 30.99%. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts predict that Interpublic Group of Companies Inc will post 1.74 EPS for the current year.

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About Interpublic Group of Companies

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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