State of Wisconsin Investment Board boosted its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 394,566 shares of the business services provider’s stock after purchasing an additional 51,522 shares during the period. State of Wisconsin Investment Board owned approximately 0.10% of Interpublic Group of Companies, Inc. (The) worth $8,203,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of IPG. Acrospire Investment Management LLC lifted its stake in Interpublic Group of Companies, Inc. (The) by 755.0% in the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after purchasing an additional 3,979 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 35.6% during 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 acquiring an additional 1,254 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 15.4% during 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 acquiring an additional 847 shares during the last quarter. First Bank & Trust raised its stake in shares of 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 valued at $172,000 after acquiring an additional 1,296 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 62.7% during the second quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock valued at $180,000 after acquiring an additional 2,817 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

In other Interpublic Group of Companies, Inc. (The) news, Director H John Greeniaus sold 43,479 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.

Several brokerages have recently commented on IPG. Argus downgraded shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Tuesday, October 31st. Zacks Investment Research downgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. BMO Capital Markets decreased their price target on shares of Interpublic Group of Companies, Inc. (The) from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Royal Bank Of Canada reissued a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, October 25th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $25.77.

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Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at $19.05 on Friday. Interpublic Group of Companies, Inc. has a fifty-two week low of $18.30 and a fifty-two week high of $25.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63. The company has a market cap of $7,250.00, a P/E ratio of 13.51, a PEG ratio of 1.15 and a beta of 1.46.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is currently 88.89%.

About Interpublic Group of Companies, Inc. (The)

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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