Greenland Capital Management LP Has $1.47 Million Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Greenland Capital Management LP grew its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 59.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,939 shares of the business services provider’s stock after buying an additional 22,341 shares during the quarter. Greenland Capital Management LP’s holdings in Interpublic Group of Companies were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in IPG. Parkside Financial Bank & Trust grew its position in Interpublic Group of Companies by 72.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the business services provider’s stock worth $34,000 after acquiring an additional 585 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Interpublic Group of Companies by 20.0% in the first 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 in the last quarter. Private Trust Co. NA increased its position in Interpublic Group of Companies by 22.9% during the second quarter. Private Trust Co. NA now owns 2,606 shares of the business services provider’s stock worth $64,000 after buying an additional 485 shares during the last quarter. Assetmark Inc. increased its position in Interpublic Group of Companies by 54.1% during the second quarter. Assetmark Inc. now owns 3,071 shares of the business services provider’s stock worth $75,000 after buying an additional 1,078 shares during the last quarter. Finally, Private Wealth Asset Management LLC lifted its position in shares of Interpublic Group of Companies by 10.9% in the second quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock worth $99,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on IPG. UBS Group lowered their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. Zacks Research downgraded shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interpublic Group of Companies in a research note on Monday. Finally, Barclays cut 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 research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.18.

Interpublic Group of Companies Price Performance

NYSE:IPG opened at $24.70 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. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05. The company has a fifty day moving average price of $26.16 and a 200 day moving average price of $25.41. The stock has a market cap of $8.97 billion, a P/E ratio of 20.93 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Monday, November 10th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. Analysts anticipate 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.