Tradelink Capital adds Interpublic Group of Companies Inc (IPG) to its portfolio

Interpublic Group of Companies Inc (IPG) : Tradelink Capital added new position in Interpublic Group of Companies Inc during the most recent quarter end. The investment management firm now holds 10,022 shares of Interpublic Group of Companies Inc which is valued at $226,497 , the company said in a statement filed on Aug 1, 2016 with the SEC.Interpublic Group of Companies Inc makes up approximately 1.05% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Bank Of Hawaii reduced its stake in IPG by selling 205 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 20,519 shares of IPG which is valued at $463,729. Interpublic Group of Companies Inc makes up approx 0.05% of Bank Of Hawaii’s portfolio.Lmr Partners Llp boosted its stake in IPG in the latest quarter, The investment management firm added 10,495 additional shares and now holds a total of 34,355 shares of Interpublic Group of Companies Inc which is valued at $792,226. Interpublic Group of Companies Inc makes up approx 0.12% of Lmr Partners Llp’s portfolio.Pggm Investments boosted its stake in IPG in the latest quarter, The investment management firm added 78,402 additional shares and now holds a total of 282,399 shares of Interpublic Group of Companies Inc which is valued at $6,520,593. Interpublic Group of Companies Inc makes up approx 0.03% of Pggm Investments’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.Centurylink Investment Management Co reduced its stake in IPG by selling 4,090 shares or 33.26% in the most recent quarter. The Hedge Fund company now holds 8,207 shares of IPG which is valued at $194,752. Interpublic Group of Companies Inc makes up approx 0.07% of Centurylink Investment Management Co’s portfolio.

Interpublic Group of Companies Inc opened for trading at $22.58 and hit $22.86 on the upside on Thursday, eventually ending the session at $22.78, with a gain of 0.80% or 0.18 points. The heightened volatility saw the trading volume jump to 38,26,612 shares. Company has a market cap of $9,128 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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