GSA Capital Partners LLP lessened its stake in Interpublic Group of Companies Inc (NYSE:IPG) by 65.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,131 shares of the business services provider’s stock after selling 38,097 shares during the period. GSA Capital Partners LLP’s holdings in Interpublic Group of Companies were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Morgan Stanley boosted its holdings in Interpublic Group of Companies by 126.2% in the 3rd quarter. Morgan Stanley now owns 2,779,943 shares of the business services provider’s stock valued at $63,578,000 after purchasing an additional 1,550,708 shares in the last quarter. DNB Asset Management AS boosted its holdings in Interpublic Group of Companies by 100.8% in the 4th quarter. DNB Asset Management AS now owns 87,759 shares of the business services provider’s stock valued at $1,810,000 after purchasing an additional 44,059 shares in the last quarter. BTIM Corp. boosted its holdings in Interpublic Group of Companies by 43.8% in the 4th quarter. BTIM Corp. now owns 444,579 shares of the business services provider’s stock valued at $9,172,000 after purchasing an additional 135,496 shares in the last quarter. Jefferies Group LLC boosted its holdings in Interpublic Group of Companies by 13.0% in the 3rd quarter. Jefferies Group LLC now owns 141,975 shares of the business services provider’s stock valued at $3,247,000 after purchasing an additional 16,325 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Interpublic Group of Companies by 3.5% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 503,246 shares of the business services provider’s stock valued at $10,382,000 after purchasing an additional 17,174 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.

Shares of NYSE:IPG opened at $22.34 on Friday. The company has a market cap of $8.60 billion, a PE ratio of 12.01, a PEG ratio of 4.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.01. Interpublic Group of Companies Inc has a 12 month low of $19.61 and a 12 month high of $25.77.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, February 13th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Interpublic Group of Companies had a return on equity of 32.07% and a net margin of 6.37%. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the company earned $0.79 EPS. Interpublic Group of Companies’s revenue was up 13.3% on a year-over-year basis. Analysts expect that Interpublic Group of Companies Inc will post 1.86 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.235 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.94 dividend on an annualized basis and a yield of 4.21%. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.21. Interpublic Group of Companies’s dividend payout ratio is presently 50.54%.

A number of equities research analysts have weighed in on IPG shares. Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Monday, November 19th. Pivotal Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $22.00 to $25.00 in a report on Monday, January 7th. Finally, Royal Bank of Canada lowered Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $28.00 to $24.00 in a research note on Thursday, January 17th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.44.

In related news, EVP Philippe Krakowsky sold 45,867 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $22.95, for a total value of $1,052,647.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jocelyn Carter-Miller sold 5,800 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $22.46, for a total value of $130,268.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 346,386 shares of company stock worth $7,946,717. 1.32% of the stock is owned by corporate insiders.

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Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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