Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 22.0% during the third quarter, HoldingsChannel.com reports. The firm owned 31,494 shares of the business services provider’s stock after selling 8,863 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Interpublic Group of Companies were worth $720,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IPG. NuWave Investment Management LLC grew its holdings in Interpublic Group of Companies by 117.3% during the third quarter. NuWave Investment Management LLC now owns 5,654 shares of the business services provider’s stock worth $129,000 after buying an additional 3,052 shares in the last quarter. Lourd Capital LLC bought a new stake in Interpublic Group of Companies during the third quarter worth $203,000. Round Table Services LLC bought a new stake in Interpublic Group of Companies during the third quarter worth $203,000. Bessemer Group Inc. grew its holdings in Interpublic Group of Companies by 242.7% during the third quarter. Bessemer Group Inc. now owns 9,647 shares of the business services provider’s stock worth $222,000 after buying an additional 6,832 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in Interpublic Group of Companies during the second quarter worth $283,000. 99.66% of the stock is currently owned by institutional investors.

Shares of NYSE:IPG opened at $23.19 on Thursday. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.50. Interpublic Group of Companies Inc has a 1 year low of $18.99 and a 1 year high of $26.01.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Friday, October 19th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Interpublic Group of Companies had a return on equity of 30.99% and a net margin of 6.62%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, equities analysts forecast that Interpublic Group of Companies Inc will post 1.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.21 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.62%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 59.57%.

Several equities research analysts recently issued reports on IPG shares. BMO Capital Markets upped their price target on Interpublic Group of Companies from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. started coverage on Interpublic Group of Companies in a report on Thursday, October 11th. They set an “overweight” rating for the company. Macquarie upgraded Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $24.00 to $25.00 in a report on Thursday, September 20th. Citigroup upped their price target on Interpublic Group of Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 19th. Finally, Zacks Investment Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $25.33.

In other news, Director Jocelyn Carter-Miller sold 8,735 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $23.24, for a total transaction of $203,001.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director H John Greeniaus sold 5,000 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $23.50, for a total value of $117,500.00. The disclosure for this sale can be found here. 1.32% of the stock is owned by corporate insiders.

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About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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