Stevens Capital Management LP lessened its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 85.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,299 shares of the business services provider’s stock after selling 448,794 shares during the quarter. Stevens Capital Management LP’s holdings in Interpublic Group of Companies, Inc. (The) were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of IPG. Nationwide Fund Advisors boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.9% during the 1st quarter. Nationwide Fund Advisors now owns 111,130 shares of the business services provider’s stock worth $2,730,000 after acquiring an additional 2,028 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 41.4% during the 1st quarter. Russell Investments Group Ltd. now owns 228,110 shares of the business services provider’s stock worth $5,605,000 after acquiring an additional 66,756 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 4.5% during the 1st quarter. American Century Companies Inc. now owns 107,922 shares of the business services provider’s stock worth $2,652,000 after acquiring an additional 4,666 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 22.9% during the 1st quarter. Suntrust Banks Inc. now owns 21,701 shares of the business services provider’s stock worth $531,000 after acquiring an additional 4,044 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 8.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,034,001 shares of the business services provider’s stock worth $25,405,000 after acquiring an additional 81,603 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.49% of the company’s stock.

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Several brokerages have recently weighed in on IPG. Macquarie cut shares of Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $24.00 in a research note on Tuesday, June 6th. BidaskClub upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Zacks Investment Research cut shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Friday, July 14th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, June 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) has an average rating of “Hold” and an average target price of $26.00.

Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.85 on Friday. The stock has a market cap of $8.20 billion, a PE ratio of 15.01 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 1-year low of $19.57 and a 1-year high of $25.71. The company’s 50 day moving average is $20.57 and its 200-day moving average is $23.40.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 51.80%.

Interpublic Group of Companies, Inc. (The) Company Profile

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).

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

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