Principal Financial Group Inc. decreased its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 27.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 777,117 shares of the business services provider’s stock after selling 287,188 shares during the period. Principal Financial Group Inc. owned about 0.20% of Interpublic Group of Companies worth $16,156,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its stake in Interpublic Group of Companies by 755.0% in the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after buying an additional 3,979 shares during the period. Capstone Investment Advisors Netherlands B.V. raised its stake in Interpublic Group of Companies by 35.6% in the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,254 shares during the period. Global X Management Co. LLC raised its stake in Interpublic Group of Companies by 15.4% in the second quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock valued at $156,000 after buying an additional 847 shares during the period. First Bank & Trust raised its stake in Interpublic Group of Companies by 22.7% in the second quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock valued at $172,000 after buying an additional 1,296 shares during the period. Finally, IFP Advisors Inc raised its stake in Interpublic Group of Companies by 62.7% in the second quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock valued at $180,000 after buying an additional 2,817 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Several analysts have issued reports on IPG shares. Jefferies Group set a $26.00 price objective on Interpublic Group of Companies and gave the company a “buy” rating in a research note on Monday, August 28th. Pivotal Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, August 14th. BMO Capital Markets restated a “buy” rating and issued a $26.00 price objective on shares of Interpublic Group of Companies in a research note on Wednesday, September 13th. Citigroup upgraded Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Credit Suisse Group set a $26.00 target price on Interpublic Group of Companies and gave the company a “buy” rating in a research report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.77.

In related news, Director H John Greeniaus sold 43,479 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded down $0.15 during trading on Tuesday, hitting $18.58. The stock had a trading volume of 8,275,200 shares, compared to its average volume of 4,839,856. Interpublic Group of Companies, Inc. has a 52 week low of $18.30 and a 52 week high of $25.71. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $7,278.64, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio is currently 50.00%.

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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).

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

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