Cadence Capital Management LLC increased its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 79.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,051 shares of the business services provider’s stock after buying an additional 54,559 shares during the quarter. Cadence Capital Management LLC’s holdings in Interpublic Group of Companies were worth $2,558,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Acrospire Investment Management LLC increased its holdings in Interpublic Group of Companies by 755.0% during 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. Capstone Investment Advisors Netherlands B.V. increased its holdings in Interpublic Group of Companies by 35.6% during the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,254 shares in the last quarter. Global X Management Co. LLC increased its holdings in Interpublic Group of Companies by 15.4% during the 2nd quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 847 shares in the last quarter. First Bank & Trust increased its holdings in Interpublic Group of Companies by 22.7% during the 2nd quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 1,296 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Interpublic Group of Companies by 62.7% during the 2nd quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 2,817 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (IPG) traded up $0.81 during trading on Wednesday, hitting $19.39. The company had a trading volume of 7,340,200 shares, compared to its average volume of 4,850,775. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63. Interpublic Group of Companies, Inc. has a twelve month low of $18.30 and a twelve month high of $25.71. The firm has a market capitalization of $7,540.00, a PE ratio of 13.57, a PEG ratio of 1.16 and a beta of 1.46.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 annualized dividend and a yield of 3.71%. Interpublic Group of Companies’s dividend payout ratio is presently 88.89%.

IPG has been the subject of a number of recent analyst reports. Jefferies Group set a $26.00 price target on Interpublic Group of Companies and gave the company a “buy” rating in a report on Monday, August 28th. Pivotal Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, August 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Companies in a report on Wednesday, September 13th. Citigroup raised Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Credit Suisse Group set a $26.00 target price on Interpublic Group of Companies and gave the company a “buy” rating in a research note on Wednesday, October 11th. Three 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 stock has a consensus rating of “Hold” and a consensus price target of $25.77.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of Interpublic Group of Companies stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.49% of the company’s stock.

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Interpublic Group of Companies 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 (NYSE:IPG)

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