Sontag Advisory LLC purchased a new stake in Interpublic Group of Companies Inc (NYSE:IPG) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,714 shares of the business services provider’s stock, valued at approximately $242,000.

Several other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Interpublic Group of Companies by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,243,313 shares of the business services provider’s stock worth $66,908,000 after acquiring an additional 41,879 shares in the last quarter. Geode Capital Management LLC raised its position in Interpublic Group of Companies by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 5,912,918 shares of the business services provider’s stock valued at $121,825,000 after purchasing an additional 479,075 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Interpublic Group of Companies by 62.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,867 shares of the business services provider’s stock valued at $438,000 after purchasing an additional 8,017 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Interpublic Group of Companies by 10.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 116,526 shares of the business services provider’s stock valued at $2,449,000 after purchasing an additional 10,591 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Interpublic Group of Companies by 1.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 510,700 shares of the business services provider’s stock valued at $10,730,000 after purchasing an additional 7,454 shares in the last quarter. 98.02% of the stock is currently owned by institutional investors.

IPG has been the topic of a number of analyst reports. TheStreet lowered Interpublic Group of Companies from a “b” rating to a “c+” rating in a research report on Thursday, August 15th. Bank of America raised Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research report on Wednesday, July 10th. BMO Capital Markets reduced their price target on Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Zacks Investment Research lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research report on Wednesday, July 3rd. Finally, ValuEngine lowered Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Interpublic Group of Companies currently has an average rating of “Hold” and an average price target of $25.71.

Shares of IPG traded down $0.17 during mid-day trading on Thursday, reaching $21.11. The company’s stock had a trading volume of 3,197,461 shares, compared to its average volume of 3,865,950. Interpublic Group of Companies Inc has a 12-month low of $19.56 and a 12-month high of $25.10. The stock has a market cap of $8.24 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50 day moving average is $20.99 and its 200 day moving average is $22.04.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.235 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.45%. Interpublic Group of Companies’s payout ratio is currently 50.54%.

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

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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