Gulf International Bank of the Kingdom of Bahrain strengthened its position in Interpublic Group of Companies, an American advertising company, by 1.1 percent during the first quarter, according to the Form 13F filing with the Securities and Exchange Commission (SEC). The Bank’s holdings in the company is worth $1,854,000.
The company has a market capitalisation of $8.69 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 4.52, and a beta of 1.05, Finance Daily reports. In its latest quarterly earnings report released on Wednesday, the company reported $0.89 earnings per share for the first quarter, and had a return on equity of 32.07 percent and a net margin of 6.37 percent. The company’s revenue increased 13.3 percent compared to the corresponding quarter last year.
Chief Executive Officer of The Interpublic Group of Companies Michael Isor Roth sold 198,985 shares of Interpublic Group of Companies stock on March 1. On an average, the stock was sold at $22.95, for a total value of $4,566,705.75, and the transaction was disclosed during the SEC filing.
Previously, Gulf International Bank increased its holdings in FMC, an American chemical manufacturing company by 6.9 percent in the first quarter, according to the 13F filing with the SEC.