Pensionfund Sabic Lowers stake in Interpublic Group of Companies Inc (IPG)

Interpublic Group of Companies Inc (IPG) : Pensionfund Sabic reduced its stake in Interpublic Group of Companies Inc by 17.26% during the most recent quarter end. The investment management company now holds a total of 60,400 shares of Interpublic Group of Companies Inc which is valued at $1.4 Million after selling 12,600 shares in Interpublic Group of Companies Inc according to a report filed by the company on Apr 4, 2016 with the SEC.Interpublic Group of Companies Inc makes up approximately 0.42% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in IPG by selling 16,000 shares or 10.88% in the most recent quarter. The Hedge Fund company now holds 131,000 shares of IPG which is valued at $3 Million. Interpublic Group of Companies Inc makes up approx 0.41% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Interpublic Group of Companies Inc reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 12, 2016. Analyst had a consensus of $0.62. The company had revenue of $2196.20 million for the quarter, compared to analysts expectations of $2191.19 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.

Many Wall Street Analysts have commented on Interpublic Group of Companies Inc. Shares were Reiterated by Wedbush on Feb 9, 2016 to “Outperform” and Lowered the Price Target to $ 26 from a previous price target of $27 .

Interpublic Group of Companies Inc closed down -0.05 points or -0.22% at $22.7 with 20,38,551 shares getting traded on Monday. Post opening the session at $22.89, the shares hit an intraday low of $22.69 and an intraday high of $22.98 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

The Interpublic Group of Companies Inc. (IPG) is a global advertising and marketing services company. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup Foote Cone & Belding Lowe and Partners IPG Mediabrands its digital specialist agencies and its domestic integrated agencies. IAN’s domestic integrated agencies including Hill Holliday Carmichael Lynch Dailey Tierney and Mullen provide a range of advertising marketing communications services and/or marketing services. CMG which includes Weber Shandwick Cassidy DeVries Golin FutureBrand Jack Morton and Octagon Worldwide provides diversified services including public relations meeting and event production sports and entertainment marketing corporate and brand identity and strategic marketing consulting.

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