Anderson Hoagland Co adds Interpublic Group of Companies Inc (IPG) to its portfolio

Interpublic Group of Companies Inc (IPG) : Anderson Hoagland Co added new position in Interpublic Group of Companies Inc during the most recent quarter end. The investment management firm now holds 85,990 shares of Interpublic Group of Companies Inc which is valued at $2,083,538 , the company said in a statement filed on Jul 18, 2016 with the SEC.Interpublic Group of Companies Inc makes up approximately 1.27% of Anderson Hoagland Co’s portfolio.

Other Hedge Funds, Including , Barometer Capital Management boosted its stake in IPG in the latest quarter, The investment management firm added 8,300 additional shares and now holds a total of 167,400 shares of Interpublic Group of Companies Inc which is valued at $3,992,490. Interpublic Group of Companies Inc makes up approx 0.39% of Barometer Capital Management’s portfolio. Alpha Windward sold out all of its stake in IPG during the most recent quarter. The investment firm sold 1,574 shares of IPG which is valued $37,351.Dnb Asset Management As boosted its stake in IPG in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 37,100 shares of Interpublic Group of Companies Inc which is valued at $880,383. Interpublic Group of Companies Inc makes up approx 0.02% of Dnb Asset Management As’s portfolio.

Interpublic Group of Companies Inc opened for trading at $23.88 and hit $24.31 on the upside on Wednesday, eventually ending the session at $24.23, with a gain of 1.59% or 0.38 points. The heightened volatility saw the trading volume jump to 45,27,926 shares. Company has a market cap of $9,750 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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