Pineview Asset Management Lp adds Interpublic Group of Companies Inc (IPG) to its portfolio

Interpublic Group of Companies Inc (IPG) : Pineview Asset Management Lp added new position in Interpublic Group of Companies Inc during the most recent quarter end. The investment management firm now holds 567,433 shares of Interpublic Group of Companies Inc which is valued at $13,164,446 , the company said in a statement filed on Aug 15, 2016 with the SEC.Interpublic Group of Companies Inc makes up approximately 6.57% of Pineview Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Highbridge Capital Management added IPG to its portfolio by purchasing 1,471,037 company shares during the most recent quarter which is valued at $34,128,058. Interpublic Group of Companies Inc makes up approx 0.92% of Highbridge Capital Management’s portfolio.Credit Agricole S A boosted its stake in IPG in the latest quarter, The investment management firm added 41,828 additional shares and now holds a total of 684,332 shares of Interpublic Group of Companies Inc which is valued at $15,876,502. Interpublic Group of Companies Inc makes up approx 0.06% of Credit Agricole S A’s portfolio.California Public Employees Retirement System reduced its stake in IPG by selling 49,100 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 1,291,874 shares of IPG which is valued at $29,196,352. Interpublic Group of Companies Inc makes up approx 0.05% of California Public Employees Retirement System’s portfolio.Cibc Asset Management Inc reduced its stake in IPG by selling 822 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 40,892 shares of IPG which is valued at $924,159. Interpublic Group of Companies Inc makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Retirement Systems Of Alabama boosted its stake in IPG in the latest quarter, The investment management firm added 368 additional shares and now holds a total of 205,152 shares of Interpublic Group of Companies Inc which is valued at $4,736,960. Interpublic Group of Companies Inc makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.

Interpublic Group of Companies Inc closed down -0.17 points or -0.73% at $22.97 with 25,58,839 shares getting traded on Thursday. Post opening the session at $23.17, the shares hit an intraday low of $22.885 and an intraday high of $23.34 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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