AE Wealth Management LLC Sells 398,799 Shares of Interpublic Group of Companies, Inc. (The) $IPG

AE Wealth Management LLC lessened its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 97.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,552 shares of the business services provider’s stock after selling 398,799 shares during the period. AE Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brooklyn Investment Group raised its position in Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after purchasing an additional 391 shares during the period. Private Wealth Asset Management LLC boosted its holdings in Interpublic Group of Companies by 10.9% during the 2nd quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 400 shares during the period. My Legacy Advisors LLC increased its stake in Interpublic Group of Companies by 2.5% in the 2nd quarter. My Legacy Advisors LLC now owns 17,393 shares of the business services provider’s stock worth $435,000 after purchasing an additional 431 shares during the period. Lynx Investment Advisory increased its stake in Interpublic Group of Companies by 4.1% in the 2nd quarter. Lynx Investment Advisory now owns 11,429 shares of the business services provider’s stock worth $280,000 after purchasing an additional 452 shares during the period. Finally, Yousif Capital Management LLC lifted its position in Interpublic Group of Companies by 0.9% in the second quarter. Yousif Capital Management LLC now owns 51,519 shares of the business services provider’s stock valued at $1,261,000 after purchasing an additional 471 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on IPG. Barclays dropped their target price on shares of Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. UBS Group cut their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interpublic Group of Companies in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $32.18.

Interpublic Group of Companies Stock Down 1.2%

NYSE IPG opened at $24.77 on Monday. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $9.00 billion, a P/E ratio of 20.99 and a beta of 1.12. The stock’s 50-day moving average price is $26.25 and its 200-day moving average price is $25.42.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Monday, November 10th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm posted $0.70 EPS. The company’s revenue was down 4.8% on a year-over-year basis. On average, equities research analysts predict that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.