Legal & General Group Plc lifted its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 6.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,142,243 shares of the business services provider’s stock after purchasing an additional 121,963 shares during the period. Legal & General Group Plc owned about 0.55% of Interpublic Group of Companies worth $44,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of IPG. River Road Asset Management LLC purchased a new position in Interpublic Group of Companies during the second quarter valued at $49,040,000. Janus Henderson Group PLC grew its stake in Interpublic Group of Companies by 4,195.7% during the second quarter. Janus Henderson Group PLC now owns 1,815,832 shares of the business services provider’s stock valued at $44,669,000 after acquiring an additional 1,773,561 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Interpublic Group of Companies by 21.3% during the second quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock valued at $210,280,000 after acquiring an additional 1,503,316 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Interpublic Group of Companies by 34.0% during the third quarter. Bank of New York Mellon Corp now owns 5,683,391 shares of the business services provider’s stock valued at $118,158,000 after acquiring an additional 1,442,288 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Interpublic Group of Companies by 14.7% during the second quarter. Voya Investment Management LLC now owns 9,175,028 shares of the business services provider’s stock valued at $225,706,000 after acquiring an additional 1,177,667 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

Several research firms recently weighed in on IPG. Credit Suisse Group set a $26.00 target price on shares of Interpublic Group of Companies and gave the company a “buy” rating in a research note on Wednesday, October 11th. Argus cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research note on Tuesday, October 31st. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a research note on Friday, September 29th. Zacks Investment Research cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $23.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Interpublic Group of Companies has a consensus rating of “Hold” and a consensus target price of $25.77.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) traded down $0.24 during trading hours on Thursday, hitting $20.33. 5,593,500 shares of the company’s stock were exchanged, compared to its average volume of 4,908,942. Interpublic Group of Companies, Inc. has a 1-year low of $18.30 and a 1-year high of $25.71. The stock has a market cap of $7,993.68, a PE ratio of 14.91, a P/E/G ratio of 1.27 and a beta of 1.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.54%. Interpublic Group of Companies’s payout ratio is currently 50.00%.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of Interpublic Group of Companies stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.49% of the company’s stock.

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Interpublic Group of Companies 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 (NYSE:IPG)

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