Metis Global Partners LLC Decreases Stock Position in Interpublic Group of Companies, Inc. (The) $IPG

Metis Global Partners LLC decreased its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 67.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,064 shares of the business services provider’s stock after selling 18,715 shares during the period. Metis Global Partners LLC’s holdings in Interpublic Group of Companies were worth $222,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IPG. Brooklyn Investment Group raised its position in shares of 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 valued at $64,000 after purchasing an additional 391 shares during the last quarter. Private Trust Co. NA increased its stake in Interpublic Group of Companies by 22.9% during the 2nd quarter. Private Trust Co. NA now owns 2,606 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 485 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Interpublic Group of Companies by 54.1% in 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. Private Wealth Asset Management LLC lifted its stake in shares of Interpublic Group of Companies by 10.9% during 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 period. Finally, Ancora Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the first quarter worth $102,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 1.5%

Interpublic Group of Companies stock opened at $25.07 on Friday. The business’s 50-day moving average price is $26.30 and its 200 day moving average price is $25.41. 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 firm has a market cap of $9.18 billion, a price-to-earnings ratio of 21.24 and a beta of 1.12. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Monday, November 10th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.19 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS. As a group, sell-side analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.