Robeco Institutional Asset Management B.V. Has $1.12 Million Position in Interpublic Group of Companies (IPG)

Robeco Institutional Asset Management B.V. increased its stake in shares of Interpublic Group of Companies (NYSE:IPG) by 143.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,538 shares of the business services provider’s stock after purchasing an additional 28,573 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Interpublic Group of Companies were worth $1,117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Interpublic Group of Companies by 12.8% during the 4th quarter. BlackRock Inc. now owns 39,906,603 shares of the business services provider’s stock worth $804,517,000 after purchasing an additional 4,539,905 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Interpublic Group of Companies by 99.2% during the 4th quarter. Pzena Investment Management LLC now owns 17,855,163 shares of the business services provider’s stock worth $359,960,000 after purchasing an additional 8,890,439 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Interpublic Group of Companies by 32.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,620,910 shares of the business services provider’s stock worth $193,957,000 after purchasing an additional 2,370,784 shares during the last quarter. Ariel Investments LLC lifted its stake in shares of Interpublic Group of Companies by 3.6% during the 4th quarter. Ariel Investments LLC now owns 7,975,621 shares of the business services provider’s stock worth $160,789,000 after purchasing an additional 274,047 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Interpublic Group of Companies by 8.3% during the 4th quarter. Victory Capital Management Inc. now owns 7,157,195 shares of the business services provider’s stock worth $144,290,000 after purchasing an additional 547,757 shares during the last quarter. Hedge funds and other institutional investors own 99.49% of the company’s stock.

A number of equities research analysts have commented on the company. Wells Fargo & Co reiterated a “hold” rating on shares of Interpublic Group of Companies in a research note on Wednesday, February 14th. Zacks Investment Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, February 13th. Morgan Stanley increased their price target on Interpublic Group of Companies to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Macquarie upgraded Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and set a $24.00 price target for the company in a research note on Friday, February 16th. Finally, ValuEngine cut Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.82.

In other news, CAO Christopher F. Carroll sold 21,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $23.62, for a total value of $496,020.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael Isor Roth sold 188,732 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $23.59, for a total value of $4,452,187.88. The disclosure for this sale can be found here. Insiders sold 490,223 shares of company stock worth $11,575,541 over the last three months. Corporate insiders own 1.49% of the company’s stock.

Shares of Interpublic Group of Companies opened at $23.14 on Friday, Marketbeat Ratings reports. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $8.94 billion, a PE ratio of 16.56, a PEG ratio of 1.99 and a beta of 1.30. Interpublic Group of Companies has a fifty-two week low of $18.30 and a fifty-two week high of $26.01.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Friday, April 27th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. Interpublic Group of Companies had a net margin of 6.55% and a return on equity of 26.05%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share. research analysts anticipate that Interpublic Group of Companies will post 1.75 EPS for the current year.

Interpublic Group of Companies announced that its board has approved a stock repurchase program on Wednesday, February 14th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.

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

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