Commonwealth Bank of Australia grew its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,483 shares of the business services provider’s stock after acquiring an additional 6,689 shares during the period. Commonwealth Bank of Australia’s holdings in Interpublic Group of Companies were worth $1,128,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Stanley Laman Group Ltd. lifted its stake in shares of Interpublic Group of Companies by 0.3% in the 2nd quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock valued at $624,000 after purchasing an additional 67 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Interpublic Group of Companies by 1.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 90 shares during the last quarter. First Manhattan Co. lifted its stake in shares of Interpublic Group of Companies by 2.7% in the 2nd quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 195 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Interpublic Group of Companies by 0.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 225 shares during the last quarter. Finally, Sentry Investment Management LLC lifted its stake in shares of Interpublic Group of Companies by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock valued at $519,000 after purchasing an additional 225 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Morgan Stanley reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a research note on Monday, October 16th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Pivotal Research reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Finally, BMO Capital Markets reaffirmed 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. Three equities 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. Interpublic Group of Companies has a consensus rating of “Hold” and a consensus price target of $25.77.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded down $0.11 during trading on Wednesday, reaching $20.57. 7,624,000 shares of the company’s stock were exchanged, compared to its average volume of 4,906,016. The firm has a market cap of $7,890.00, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.28 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. Interpublic Group of Companies, Inc. has a 52-week low of $18.30 and a 52-week high of $25.71.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). The firm 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 firm’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. analysts forecast that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 3.50%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio is 88.89%.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.49% of the stock is owned by insiders.

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About Interpublic Group of Companies

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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