Teachers Advisors LLC boosted its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,284,687 shares of the business services provider’s stock after purchasing an additional 20,001 shares during the quarter. Teachers Advisors LLC owned approximately 0.58% of Interpublic Group of Companies, Inc. (The) worth $56,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Vanguard Group Inc. now owns 39,548,092 shares of the business services provider’s stock worth $971,696,000 after purchasing an additional 2,396,037 shares in the last quarter. BlackRock Inc. raised its holdings in Interpublic Group of Companies, Inc. (The) by 1,377.1% in the first quarter. BlackRock Inc. now owns 35,267,293 shares of the business services provider’s stock worth $866,520,000 after purchasing an additional 32,879,667 shares in the last quarter. Boston Partners raised its holdings in Interpublic Group of Companies, Inc. (The) by 1.7% in the second quarter. Boston Partners now owns 21,969,850 shares of the business services provider’s stock worth $540,459,000 after purchasing an additional 376,427 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Interpublic Group of Companies, Inc. (The) by 22.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,648,240 shares of the business services provider’s stock worth $458,188,000 after purchasing an additional 3,411,539 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Interpublic Group of Companies, Inc. (The) by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 7,044,673 shares of the business services provider’s stock worth $173,087,000 after purchasing an additional 1,802,258 shares in the last quarter. Institutional investors and hedge funds own 98.01% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.01 on Friday. Interpublic Group of Companies, Inc. has a 52-week low of $19.57 and a 52-week high of $25.71. The company’s 50 day moving average price is $20.66 and its 200 day moving average price is $23.47. The stock has a market capitalization of $7.87 billion, a PE ratio of 14.41 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.07). Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is currently 51.80%.

A number of equities analysts have issued reports on IPG shares. Royal Bank Of Canada set a $24.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, August 29th. Jefferies Group LLC reiterated a “buy” rating and issued a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, June 26th. Citigroup Inc. upgraded Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Monday, July 17th. Finally, Pivotal Research upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $26.00.

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In related news, SVP Julie Connors sold 5,854 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total transaction of $142,018.04. Following the transaction, the senior vice president now directly owns 10,592 shares of the company’s stock, valued at approximately $256,961.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

About Interpublic Group of Companies, Inc. (The)

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, Inc. (The) (NYSE:IPG)

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