Quantbot Technologies LP lowered its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 60.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,334 shares of the business services provider’s stock after selling 12,714 shares during the quarter. Quantbot Technologies LP’s holdings in Interpublic Group of Companies were worth $173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its position in shares of 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 during the last quarter. Capstone Investment Advisors Netherlands B.V. increased its position in shares of 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 during the last quarter. Global X Management Co. LLC increased its position in shares of 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 during the last quarter. First Bank & Trust increased its position in shares of 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 during the last quarter. Finally, IFP Advisors Inc increased its position in shares of 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 during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE IPG) opened at $20.09 on Friday. The company has a market capitalization of $7,930.00, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.22 and a beta of 1.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. Interpublic Group of Companies, Inc. has a 12-month low of $18.30 and a 12-month high of $25.71.

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 the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.96 billion. Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. equities research analysts expect that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 88.89%.

IPG has been the topic of several analyst reports. Pivotal Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, August 14th. Royal Bank Of Canada set a $24.00 target price on Interpublic Group of Companies and gave the company a “hold” rating in a research report on Tuesday, August 29th. Jefferies Group set a $26.00 target price on Interpublic Group of Companies and gave the company a “buy” rating in a research report on Monday, August 28th. Citigroup raised Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, BMO Capital Markets reissued a “buy” rating and set a $26.00 target price on shares of Interpublic Group of Companies in a research report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.77.

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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).

Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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