Freestone Capital Holdings Lowers stake in Interpublic Group of Companies Inc (IPG)

Interpublic Group of Companies Inc (IPG) : Freestone Capital Holdings reduced its stake in Interpublic Group of Companies Inc by 7.36% during the most recent quarter end. The investment management company now holds a total of 821,482 shares of Interpublic Group of Companies Inc which is valued at $19.6 Million after selling 65,259 shares in Interpublic Group of Companies Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Interpublic Group of Companies Inc makes up approximately 2.10% of Freestone Capital Holdings’s portfolio.

Other Hedge Funds, Including , Dean Investment Associates boosted its stake in IPG in the latest quarter, The investment management firm added 231 additional shares and now holds a total of 19,821 shares of Interpublic Group of Companies Inc which is valued at $471,740. Interpublic Group of Companies Inc makes up approx 0.10% of Dean Investment Associates’s portfolio.Gsa Capital Partners Llp reduced its stake in IPG by selling 30,141 shares or 36.22% in the most recent quarter. The Hedge Fund company now holds 53,073 shares of IPG which is valued at $1.3 Million. Interpublic Group of Companies Inc makes up approx 0.08% of Gsa Capital Partners Llp’s portfolio.Massmutual Trust Co Fsbadv boosted its stake in IPG in the latest quarter, The investment management firm added 628 additional shares and now holds a total of 15,864 shares of Interpublic Group of Companies Inc which is valued at $377,563. Interpublic Group of Companies Inc makes up approx 0.05% of Massmutual Trust Co Fsbadv’s portfolio.Td Asset Management Inc reduced its stake in IPG by selling 12,041 shares or 6.54% in the most recent quarter. The Hedge Fund company now holds 172,100 shares of IPG which is valued at $4.1 Million. Interpublic Group of Companies Inc makes up approx 0.01% of Td Asset Management Inc’s portfolio.Quadrant Capital Group boosted its stake in IPG in the latest quarter, The investment management firm added 310 additional shares and now holds a total of 4,828 shares of Interpublic Group of Companies Inc which is valued at $110,754. Interpublic Group of Companies Inc makes up approx 0.07% of Quadrant Capital Group’s portfolio.

Interpublic Group of Companies Inc opened for trading at $23.7 and hit $23.835 on the upside on Friday, eventually ending the session at $23.64, with a gain of 0.17% or 0.04 points. The heightened volatility saw the trading volume jump to 24,85,849 shares. Company has a market cap of $9,512,854 M.

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. Company shares were Reiterated by Telsey Advisory Group on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $27.50 .Company shares were Reiterated by Wedbush on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .

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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