First Bank & Trust Cuts Stake in Interpublic Group of Companies Inc (IPG)

First Bank & Trust decreased its holdings in Interpublic Group of Companies Inc (NYSE:IPG) by 57.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,200 shares of the business services provider’s stock after selling 1,629 shares during the period. First Bank & Trust’s holdings in Interpublic Group of Companies were worth $25,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Virtu Financial LLC boosted its stake in shares of Interpublic Group of Companies by 67.6% in the 1st quarter. Virtu Financial LLC now owns 51,678 shares of the business services provider’s stock valued at $1,085,000 after purchasing an additional 20,849 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Interpublic Group of Companies by 6.6% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 347,697 shares of the business services provider’s stock valued at $7,305,000 after purchasing an additional 21,507 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Interpublic Group of Companies in the 1st quarter valued at $639,000. NuWave Investment Management LLC boosted its stake in shares of Interpublic Group of Companies by 1,506.2% in the 1st quarter. NuWave Investment Management LLC now owns 2,088 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 1,958 shares in the last quarter. Finally, DNB Asset Management AS boosted its stake in shares of Interpublic Group of Companies by 63.6% in the 1st quarter. DNB Asset Management AS now owns 143,576 shares of the business services provider’s stock valued at $3,017,000 after purchasing an additional 55,817 shares in the last quarter. 99.62% of the stock is owned by institutional investors.

NYSE:IPG opened at $22.30 on Wednesday. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 4.38 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.01 and a quick ratio of 1.01. Interpublic Group of Companies Inc has a fifty-two week low of $19.61 and a fifty-two week high of $25.77.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Wednesday, February 13th. The business services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.34 billion. Interpublic Group of Companies had a net margin of 6.37% and a return on equity of 32.07%. Interpublic Group of Companies’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. Equities research analysts expect that Interpublic Group of Companies Inc will post 1.87 earnings per share for the current year.

A number of brokerages have recently issued reports 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, February 13th. Pivotal Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and upped their price objective for the company from $22.00 to $25.00 in a research note on Monday, January 7th. Royal Bank of Canada cut shares of Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $28.00 to $24.00 in a research note on Thursday, January 17th. Finally, ValuEngine cut shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.44.

In other news, CEO Michael Isor Roth sold 198,985 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $22.95, for a total transaction of $4,566,705.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Andrew Bonzani sold 28,181 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $22.95, for a total transaction of $646,753.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 346,386 shares of company stock valued at $7,946,717. 1.32% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “First Bank & Trust Cuts Stake in Interpublic Group of Companies Inc (IPG)” was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.thelincolnianonline.com/2019/04/17/first-bank-trust-cuts-stake-in-interpublic-group-of-companies-inc-ipg.html.

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.

Further Reading: How is diluted EPS different from basic EPS?

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

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.