Resona Asset Management Co. Ltd. Has $107,000 Stock Position in Interpublic Group of Companies, Inc. (The) $IPG

Resona Asset Management Co. Ltd. reduced its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 96.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,413 shares of the business services provider’s stock after selling 117,167 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Interpublic Group of Companies were worth $107,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IPG. Cerity Partners LLC raised its stake in shares of Interpublic Group of Companies by 0.4% in the first quarter. Cerity Partners LLC now owns 284,115 shares of the business services provider’s stock valued at $7,717,000 after acquiring an additional 1,265 shares during the last quarter. CWM LLC raised its position in Interpublic Group of Companies by 0.7% in the 1st quarter. CWM LLC now owns 91,130 shares of the business services provider’s stock valued at $2,475,000 after purchasing an additional 619 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Interpublic Group of Companies in the 1st quarter valued at $30,688,000. Larson Financial Group LLC boosted its stake in Interpublic Group of Companies by 12.4% in the first quarter. Larson Financial Group LLC now owns 17,237 shares of the business services provider’s stock worth $468,000 after purchasing an additional 1,902 shares in the last quarter. Finally, Kintayl Capital LP grew its holdings in shares of Interpublic Group of Companies by 19.9% during the first quarter. Kintayl Capital LP now owns 167,019 shares of the business services provider’s stock worth $4,536,000 after purchasing an additional 27,758 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays cut their price target on Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a report on Wednesday. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Wednesday, October 8th. UBS Group lowered their price target on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Finally, Zacks Research downgraded Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.18.

Interpublic Group of Companies Stock Up 0.5%

Shares of NYSE:IPG opened at $25.49 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 21.60 and a beta of 1.12. The company has a 50 day moving average of $26.33 and a 200-day moving average of $25.41. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05.

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. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.70 earnings per share. On average, sell-side analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

About Interpublic Group of Companies

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.