Seminole Management adds Interpublic Group of Companies Inc (IPG) to its portfolio

Interpublic Group of Companies Inc (IPG) : Seminole Management added new position in Interpublic Group of Companies Inc during the most recent quarter end. The investment management firm now holds 748,140 shares of Interpublic Group of Companies Inc which is valued at $17,274,553 , the company said in a statement filed on Jul 26, 2016 with the SEC.Interpublic Group of Companies Inc makes up approximately 1.70% of Seminole Management’s portfolio.

Other Hedge Funds, Including , Calamos Advisors boosted its stake in IPG in the latest quarter, The investment management firm added 1,102 additional shares and now holds a total of 36,654 shares of Interpublic Group of Companies Inc which is valued at $846,341. Interpublic Group of Companies Inc makes up approx 0.01% of Calamos Advisors’s portfolio. Jolley Asset Management sold out all of its stake in IPG during the most recent quarter. The investment firm sold 750 shares of IPG which is valued $17,348. Ferguson Wellman Capital Management Inc added IPG to its portfolio by purchasing 677,845 company shares during the most recent quarter which is valued at $16,166,603. Interpublic Group of Companies Inc makes up approx 0.66% of Ferguson Wellman Capital Management Inc’s portfolio.Fenimore Asset Management Inc reduced its stake in IPG by selling 3,425 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 1,568,490 shares of IPG which is valued at $37,894,718. Interpublic Group of Companies Inc makes up approx 1.82% of Fenimore Asset Management Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in IPG in the latest quarter, The investment management firm added 4,443 additional shares and now holds a total of 345,341 shares of Interpublic Group of Companies Inc which is valued at $8,194,942. Interpublic Group of Companies Inc makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.

Interpublic Group of Companies Inc opened for trading at $22.98 and hit $23.1 on the upside on Friday, eventually ending the session at $23.06, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 36,50,426 shares. Company has a market cap of $9,279 M.

On the company’s financial health, Interpublic Group of Companies Inc reported $0.33 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $1917.90 million for the quarter, compared to analysts expectations of $1934.16 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

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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