Andra AP fonden raised its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,900 shares of the business services provider’s stock after buying an additional 11,300 shares during the period. Andra AP fonden owned about 0.05% of Interpublic Group of Companies, Inc. (The) worth $4,918,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BlackRock Inc. increased its stake in Interpublic Group of Companies, Inc. (The) by 1,377.1% in the first quarter. BlackRock Inc. now owns 35,267,293 shares of the business services provider’s stock worth $866,520,000 after buying an additional 32,879,667 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Interpublic Group of Companies, Inc. (The) by 22.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,648,240 shares of the business services provider’s stock worth $458,188,000 after buying an additional 3,411,539 shares during the period. Nordea Investment Management AB increased its stake in Interpublic Group of Companies, Inc. (The) by 15,710.1% in the first quarter. Nordea Investment Management AB now owns 2,806,292 shares of the business services provider’s stock worth $68,951,000 after buying an additional 2,788,542 shares during the period. Vanguard Group Inc. increased its stake in Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Vanguard Group Inc. now owns 39,548,092 shares of the business services provider’s stock worth $971,696,000 after buying an additional 2,396,037 shares during the period. Finally, Mawer Investment Management Ltd. acquired a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter worth $46,260,000. 97.99% of the stock is owned by institutional investors and hedge funds.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.27 on Tuesday. The firm has a 50-day moving average of $22.35 and a 200 day moving average of $23.88. Interpublic Group of Companies, Inc. has a 52 week low of $19.57 and a 52 week high of $25.71. The company has a market cap of $7.97 billion, a P/E ratio of 14.59 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business posted $0.33 earnings per share. Interpublic Group of Companies, Inc. (The)’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts anticipate that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.72 annualized dividend and a yield of 3.55%. Interpublic Group of Companies, Inc. (The)’s payout ratio is 51.80%.

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IPG has been the subject of a number of recent research reports. BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Royal Bank Of Canada reissued a “buy” rating and set a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, May 22nd. Finally, Atlantic Securities downgraded shares of Interpublic Group of Companies, Inc. (The) from a “neutral” rating to an “underweight” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $26.07.

In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total value of $142,018.04. Following the transaction, the senior vice president now directly owns 10,592 shares of the company’s stock, valued at $256,961.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $20.50, for a total value of $410,000.00. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (The) Company 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, Inc. (The) (NYSE:IPG)

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