FDx Advisors Inc. lowered its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 55.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 33,289 shares of the business services provider’s stock after selling 41,940 shares during the period. FDx Advisors Inc.’s holdings in Interpublic Group of Companies, Inc. (The) were worth $692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IPG. Thrivent Financial For Lutherans lifted its stake in Interpublic Group of Companies, Inc. (The) by 4.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 14,487 shares of the business services provider’s stock valued at $356,000 after acquiring an additional 680 shares during the period. Bank of Montreal Can lifted its stake in Interpublic Group of Companies, Inc. (The) by 51.4% during the 2nd quarter. Bank of Montreal Can now owns 236,636 shares of the business services provider’s stock valued at $5,823,000 after acquiring an additional 80,335 shares during the period. State of Alaska Department of Revenue lifted its stake in Interpublic Group of Companies, Inc. (The) by 14.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,523 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 1,175 shares during the period. Chevy Chase Trust Holdings Inc. lifted its stake in Interpublic Group of Companies, Inc. (The) by 0.5% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 341,114 shares of the business services provider’s stock valued at $8,391,000 after acquiring an additional 1,857 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in Interpublic Group of Companies, Inc. (The) by 512.7% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 63,671 shares of the business services provider’s stock valued at $1,566,000 after acquiring an additional 53,279 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $20.50, for a total value of $410,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director H John Greeniaus sold 43,479 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The disclosure for this sale can be found here. 1.49% of the stock is owned by company insiders.

Shares of Interpublic Group of Companies, Inc. (IPG) opened at $19.05 on Friday. The stock has a market cap of $7,250.00, a P/E ratio of 13.51, a P/E/G ratio of 1.15 and a beta of 1.46. Interpublic Group of Companies, Inc. has a fifty-two week low of $18.30 and a fifty-two week high of $25.71. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.38% and a net margin of 7.43%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. analysts predict that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.18 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.78%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is presently 88.89%.

Several equities analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating and set a $26.00 target price (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Telsey Advisory Group lowered their target price on shares of Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 26th. BidaskClub cut shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $25.77.

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Interpublic Group of Companies, Inc. (The) 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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