Donald L. Hagan LLC Takes $450,000 Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

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Donald L. Hagan LLC bought a new stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,994 shares of the business services provider’s stock, valued at approximately $450,000.

Several other large investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its stake in shares of The Interpublic Group of Companies by 1.7% in the second quarter. CIBC Asset Management Inc now owns 33,058 shares of the business services provider’s stock valued at $567,000 after buying an additional 553 shares in the last quarter. M&T Bank Corp increased its stake in shares of The Interpublic Group of Companies by 1.2% in the second quarter. M&T Bank Corp now owns 60,138 shares of the business services provider’s stock valued at $1,033,000 after buying an additional 689 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of The Interpublic Group of Companies by 8.5% in the first quarter. FinTrust Capital Advisors LLC now owns 9,584 shares of the business services provider’s stock valued at $155,000 after buying an additional 753 shares in the last quarter. Aurora Investment Counsel increased its stake in shares of The Interpublic Group of Companies by 2.0% in the second quarter. Aurora Investment Counsel now owns 44,310 shares of the business services provider’s stock valued at $760,000 after buying an additional 880 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of The Interpublic Group of Companies by 12.8% in the second quarter. Bessemer Group Inc. now owns 7,945 shares of the business services provider’s stock valued at $136,000 after buying an additional 902 shares in the last quarter. Institutional investors own 98.58% of the company’s stock.

IPG traded up $0.30 during midday trading on Friday, reaching $18.26. 4,448,609 shares of the company were exchanged, compared to its average volume of 4,653,400. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.98 and a current ratio of 0.98. The Interpublic Group of Companies, Inc. has a one year low of $11.63 and a one year high of $25.20. The stock has a market capitalization of $7.12 billion, a P/E ratio of 15.88, a PEG ratio of 9.05 and a beta of 1.00. The stock’s 50-day simple moving average is $17.64 and its 200 day simple moving average is $17.17.

The Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, July 29th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The Interpublic Group of Companies had a return on equity of 25.72% and a net margin of 4.66%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the business earned $0.57 earnings per share. The company’s revenue was down 12.8% compared to the same quarter last year. On average, research analysts anticipate that The Interpublic Group of Companies, Inc. will post 1.53 earnings per share for the current year.

A number of analysts recently commented on IPG shares. JPMorgan Chase & Co. lifted their price objective on The Interpublic Group of Companies from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, October 2nd. Wolfe Research upgraded The Interpublic Group of Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $20.00 to $23.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $20.20.

About The 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. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data management services.

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

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