Commerzbank Aktiengesellschaft FI bought a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,459 shares of the business services provider’s stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Stanley Laman Group Ltd. increased its stake in Interpublic Group of Companies by 0.3% in the second quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock valued at $624,000 after acquiring an additional 67 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Interpublic Group of Companies by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after acquiring an additional 90 shares during the last quarter. Sentry Investment Management LLC boosted its position in Interpublic Group of Companies by 1.1% in the second quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock valued at $519,000 after buying an additional 225 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Interpublic Group of Companies by 0.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock valued at $722,000 after buying an additional 225 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in Interpublic Group of Companies by 1.6% in the second quarter. D.A. Davidson & CO. now owns 14,738 shares of the business services provider’s stock valued at $362,000 after buying an additional 235 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

Interpublic Group of Companies, Inc. (NYSE IPG) traded down $0.02 during trading on Tuesday, reaching $20.20. 3,351,700 shares of the company traded hands, compared to its average volume of 4,900,114. Interpublic Group of Companies, Inc. has a 1-year low of $18.30 and a 1-year high of $25.71. The stock has a market capitalization of $7,857.67, a PE ratio of 14.65, a PEG ratio of 1.25 and a beta of 1.47. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities analysts predict that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 50.00%.

A number of equities analysts recently weighed in on the stock. Pivotal Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, August 14th. Royal Bank of Canada reissued a “hold” rating on shares of Interpublic Group of Companies in a research note on Friday, September 29th. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Morgan Stanley reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a research note on Monday, October 16th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price target on shares of Interpublic Group of Companies in a research note on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.77.

In related news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.49% of the stock is currently owned by insiders.

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Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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