Swiss National Bank lessened its stake in Interpublic Group of Companies Inc (NYSE:IPG) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,254,990 shares of the business services provider’s stock after selling 26,400 shares during the quarter. Swiss National Bank owned approximately 0.32% of Interpublic Group of Companies worth $28,350,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Coastal Capital Group Inc. bought a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at about $26,000. Marino Stram & Associates LLC bought a new stake in shares of Interpublic Group of Companies during the 1st quarter valued at about $30,000. Bremer Bank National Association bought a new stake in shares of Interpublic Group of Companies during the 1st quarter valued at about $35,000. Coastal Investment Advisors Inc. bought a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at about $43,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 44,396 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $23.02, for a total value of $1,021,995.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Isor Roth sold 431,594 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $23.08, for a total transaction of $9,961,189.52. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by corporate insiders.

NYSE IPG opened at $20.67 on Thursday. Interpublic Group of Companies Inc has a 52 week low of $19.56 and a 52 week high of $25.10. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.04. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The company has a 50-day moving average price of $22.21 and a two-hundred day moving average price of $22.30.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, July 23rd. The business services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Interpublic Group of Companies had a net margin of 6.46% and a return on equity of 32.03%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. Interpublic Group of Companies’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that Interpublic Group of Companies Inc will post 1.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Friday, August 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 50.54%.

A number of brokerages recently weighed in on IPG. BMO Capital Markets lowered their price objective on shares of Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. TheStreet downgraded shares of Interpublic Group of Companies from a “b” rating to a “c+” rating in a research report on Thursday, August 15th. Bank of America raised shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research report on Wednesday, July 10th. ValuEngine downgraded shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $25.71.

About Interpublic Group of Companies

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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