Public Employees Retirement Association of Colorado lowered its stake in shares of Interpublic Group of Cos. (NYSE:IPG) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 573,948 shares of the company’s stock after selling 3,463 shares during the period. Public Employees Retirement Association of Colorado owned 0.14% of Interpublic Group of Cos. worth $13,258,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Washington Trust Bank increased its position in Interpublic Group of Cos. by 495.3% in the second quarter. Washington Trust Bank now owns 4,465 shares of the company’s stock valued at $103,000 after buying an additional 3,715 shares during the last quarter. Quadrant Capital Group LLC increased its position in Interpublic Group of Cos. by 2.8% in the second quarter. Quadrant Capital Group LLC now owns 4,961 shares of the company’s stock valued at $113,000 after buying an additional 133 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Interpublic Group of Cos. by 4.3% in the second quarter. Checchi Capital Advisers LLC now owns 5,479 shares of the company’s stock valued at $127,000 after buying an additional 225 shares during the last quarter. Park Avenue Securities LLC bought a new position in Interpublic Group of Cos. during the second quarter valued at about $207,000. Finally, Springbok Capital Management LLC increased its position in Interpublic Group of Cos. by 57.7% in the first quarter. Springbok Capital Management LLC now owns 8,976 shares of the company’s stock valued at $206,000 after buying an additional 3,285 shares during the last quarter. 94.54% of the stock is currently owned by institutional investors and hedge funds.

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

Interpublic Group of Cos. (NYSE:IPG) traded down 0.22% during midday trading on Thursday, reaching $22.58. 1,581,659 shares of the company traded hands. The firm has a market capitalization of $9.05 billion, a PE ratio of 18.75 and a beta of 1.83. Interpublic Group of Cos. has a 12 month low of $19.79 and a 12 month high of $24.82. The company’s 50-day moving average price is $22.58 and its 200 day moving average price is $23.18.

Interpublic Group of Cos. (NYSE:IPG) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.33 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.33. Interpublic Group of Cos. had a net margin of 6.44% and a return on equity of 26.26%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Interpublic Group of Cos. will post $1.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.65%. Interpublic Group of Cos.’s dividend payout ratio (DPR) is presently 50.00%.

Several research firms have issued reports on IPG. Zacks Investment Research downgraded shares of Interpublic Group of Cos. from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Jefferies Group reaffirmed a “buy” rating on shares of Interpublic Group of Cos. in a report on Monday, August 1st. Credit Suisse Group AG started coverage on shares of Interpublic Group of Cos. in a research note on Thursday, September 15th. They issued an “outperform” rating and a $27.00 price target on the stock. Wedbush reissued an “outperform” rating and issued a $28.00 price target on shares of Interpublic Group of Cos. in a research note on Monday, July 18th. Finally, RBC Capital Markets started coverage on shares of Interpublic Group of Cos. in a research note on Thursday, October 6th. They issued a “top pick” rating and a $27.00 price target on the stock. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $26.08.

In other news, SVP Ellen Tobi Johnson sold 35,765 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $22.69, for a total transaction of $811,507.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.75% of the company’s stock.

About Interpublic Group of Cos.

The Interpublic Group of Companies, Inc (IPG) is an advertising and marketing services company. IPG’s companies are engaged in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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