Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 76.9% during the third quarter, Holdings Channel reports. The institutional investor owned 252,489 shares of the company’s stock after buying an additional 109,749 shares during the period. Sumitomo Mitsui Asset Management Company LTD owned 0.06% of Interpublic Group of Companies, Inc. (The) worth $5,643,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Stoneridge Investment Partners LLC purchased a new stake in Interpublic Group of Companies, Inc. (The) during the third quarter worth approximately $627,000. World Asset Management Inc raised its stake in Interpublic Group of Companies, Inc. (The) by 1.4% in the third quarter. World Asset Management Inc now owns 40,882 shares of the company’s stock worth $914,000 after buying an additional 572 shares in the last quarter. FTB Advisors Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 10.2% in the third quarter. FTB Advisors Inc. now owns 12,663 shares of the company’s stock worth $283,000 after buying an additional 1,171 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 4.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,227,950 shares of the company’s stock worth $27,445,000 after buying an additional 49,811 shares in the last quarter. Finally, Stack Financial Management Inc raised its stake in Interpublic Group of Companies, Inc. (The) by 1.8% in the third quarter. Stack Financial Management Inc now owns 762,205 shares of the company’s stock worth $17,035,000 after buying an additional 13,314 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Institutional Ownership by Quarter for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Interpublic Group of Companies, Inc. (NYSE:IPG) traded down 0.274% during mid-day trading on Friday, hitting $23.625. 655,219 shares of the stock were exchanged. Interpublic Group of Companies, Inc. has a 52-week low of $19.79 and a 52-week high of $24.82. The stock has a 50 day moving average of $23.79 and a 200-day moving average of $23.07. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 17.670 and a beta of 1.59.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings data on Friday, October 21st. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm earned $1.92 billion during the quarter, compared to the consensus estimate of $1.91 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 26.70% and a net margin of 7.09%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Equities analysts predict that Interpublic Group of Companies, Inc. will post $1.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a $0.15 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 2.53%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is presently 44.78%.

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A number of research firms recently commented on IPG. S&P Equity Research reiterated a “reduce” rating on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday. Pivotal Research reiterated a “hold” rating and set a $26.00 price target (down from $28.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Monday. RBC Capital Markets reiterated a “top pick” rating and set a $29.00 price target (up from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, January 6th. Finally, Royal Bank Of Canada upped their price target on shares of Interpublic Group of Companies, Inc. (The) from $27.00 to $29.00 and gave the company a “top pick” rating in a report on Friday, January 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.64.

About Interpublic Group of Companies, Inc. (The)

The Interpublic Group of Companies, Inc (IPG) is an advertising and marketing services company. IPG’s companies are engaged in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

5 Day Chart for NYSE:IPG

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