Ropes Wealth Advisors LLC lifted its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,521 shares of the business services provider’s stock after purchasing an additional 792 shares during the period. Ropes Wealth Advisors LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $825,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 755.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 3,979 shares in the last quarter. Global X Management Co. LLC increased its stake in Interpublic Group of Companies, Inc. (The) by 29.9% during the 1st quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after buying an additional 1,266 shares in the last quarter. Van ECK Associates Corp increased its stake in Interpublic Group of Companies, Inc. (The) by 6.4% during the 1st quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock worth $135,000 after buying an additional 331 shares in the last quarter. Exane Derivatives increased its stake in Interpublic Group of Companies, Inc. (The) by 181.3% during the 2nd quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after buying an additional 3,631 shares in the last quarter. Finally, First Bank & Trust increased its stake in Interpublic Group of Companies, Inc. (The) by 22.7% during the 2nd quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock worth $172,000 after buying an additional 1,296 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.49% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) traded up 2.06% on Friday, hitting $21.28. The stock had a trading volume of 6,239,521 shares. The stock has a market cap of $8.37 billion, a PE ratio of 15.32 and a beta of 1.53. The company’s 50 day moving average is $20.57 and its 200 day moving average is $23.40. Interpublic Group of Companies, Inc. has a one year low of $19.57 and a one year high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share 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 business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts predict that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.38%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is 51.80%.

Several equities research analysts have commented on the company. Macquarie lowered Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $28.00 to $24.00 in a research note on Tuesday, June 6th. BidaskClub upgraded 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 lowered 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 objective 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 objective 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 issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.00.

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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).

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

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