Discovering Momentum Stocks: The Interpublic Group of Companies, Inc

Lloyd Doyle
November 15, 2017

The Interpublic Group of Companies, Inc. (The) (NYSE:IPG) saw a large increase in short interest during the month of October. Based on an average trading volume of 9,297,891 shares, the days-to-cover ratio is now 3.4 days. Short shares increased from 25,485,787 to 31,781,681 over that timeframe.

Several research firms have weighed in on IPG. Mizuho Asset Management Co. (The) and gave the company a "hold" rating in a research report on Tuesday, August 29th. On October 24, 2017 Wells Fargo & Company reiterated a "Buy" rating on the stock.

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. Stifel Nicolaus maintained the shares of MDT in report on Thursday, May 25 with "Hold" rating. The correct version of this news story can be accessed at Finally, Zacks Investment Research upgraded Interpublic Group of Companies, Inc.

On October 24 Pivotal Research left the stock rating at "Buy" targeting a price of $23.00.

Analysts have given a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Finally, Wedbush reiterated an "outperform" rating and issued a $28.00 price objective on shares of Interpublic Group of Companies, Inc. Also, Director H John Greeniaus sold 43,479 shares of the firm's stock in a transaction that occurred on Friday, November 10th. The total value of its holdings decreased 26.6%. (The) (NYSE:IPG) by 1,770.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The share price has moved forward from its 20 days moving average, trading at a distance of 12.8% and stays 30.5% away from its 50 days moving average. The disclosure for this sale can be found here. Analysts monitor insider data to understand the sentiment of a company's largest and most important shareholders.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IPG. On October 16, 2017 Morgan Stanley kept a "Hold" rating on the company. (The) by 0.3% in the second quarter. American International Group Inc owns 129,637 shares with a value of $2,695,000. Freestone Capital Holdings Llc sold 13,434 shares as Interpublic Group Cos Inc (IPG)'s stock declined 0.78%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.96 billion. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider's stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Barclays Public Limited Co reported 0.01% of its portfolio in Interpublic Group of Companies Inc (NYSE:IPG). (The) by 2.7% during the second quarter.

Fdx Advisors Inc decreased Wec Energy Group Inc Com stake by 9,751 shares to 12,765 valued at $784,000 in 2017Q2. (NYSE:IPG), its shares were trading at $18.67 a retreat of $-0.12, on the trading floor. (The) by 0.8% during the second quarter.

Freestone Capital Holdings Llc decreased Interpublic Group Cos Inc (IPG) stake by 1.42% reported in 2017Q2 SEC filing. USB has lost -4.53% in the 1-month period. The percentage of shares being held by the company management was 0.13% while institutional stake was 76.4%.

The company is down by 1.38% since yesterday's close of 18.79. Ordinary Shares (NYSE:MDT). Croft has invested 0.68% in Medtronic plc. For IPG, the company now has $704.9 Million of cash on the books, which is offset by $813.7 Million current liabilities. The stock has a market cap of $7,301.96, a price-to-earnings ratio of 13.62, a PEG ratio of 1.16 and a beta of 1.46. (The) (NYSE:IPG) last issued its quarterly earnings results on Friday, October 21st. 375.40 million shares or 0.36% less from 376.74 million shares in 2017Q1 were reported. The company now has a Return on Equity of -7.30% and Return on Investment of 6.00%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.91 billion. After $0.31 actual EPS reported by Interpublic Group of Companies Inc for the previous quarter, Wall Street now forecasts 148.39% EPS growth. Royal Bank Of Canada set a $24.00 target price on Interpublic Group of Companies, Inc.

TRADEMARK VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. Moreover, Brown Brothers Harriman & has 0% invested in Interpublic Group of Companies Inc (NYSE:IPG) for 17,788 shares. The company was maintained on Tuesday, September 26 by Jefferies.

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