Public Sector Pension investment Board lowered its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 49.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,106 shares of the business services provider’s stock after selling 45,000 shares during the period. Public Sector Pension investment Board’s holdings in Interpublic Group of Companies, Inc. (The) were worth $1,110,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of IPG. Acrospire Investment Management LLC raised its position in Interpublic Group of Companies, Inc. (The) by 755.0% during the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 3,979 shares in the last quarter. Global X Management Co. LLC lifted its stake in Interpublic Group of Companies, Inc. (The) by 29.9% during the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after purchasing an additional 1,266 shares during the last quarter. Van ECK Associates Corp lifted its stake in Interpublic Group of Companies, Inc. (The) by 6.4% during the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock worth $135,000 after purchasing an additional 331 shares during the last quarter. Exane Derivatives lifted its stake in Interpublic Group of Companies, Inc. (The) by 181.3% during the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after purchasing an additional 3,631 shares during the last quarter. Finally, First Bank & Trust lifted its stake in Interpublic Group of Companies, Inc. (The) by 22.7% during the second quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock worth $172,000 after purchasing an additional 1,296 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

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Several brokerages have recently issued reports on IPG. Zacks Investment Research upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, June 22nd. Royal Bank Of Canada set a $29.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, June 12th. BMO Capital Markets restated an “outperform” rating and set a $26.00 price objective (down from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Telsey Advisory Group reduced their price objective on Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 26th. Finally, BidaskClub lowered Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Interpublic Group of Companies, Inc. (NYSE IPG) opened at 20.79 on Monday. Interpublic Group of Companies, Inc. has a one year low of $19.57 and a one year high of $25.71. The company has a 50-day moving average of $20.57 and a 200-day moving average of $23.40. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 14.97 and a beta of 1.53.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.46%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is 51.80%.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $20.50, for a total value of $410,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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).

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Institutional Ownership by Quarter for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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