Arizona State Retirement System continued to hold its stake in Interpublic Group of Cos. (NYSE:IPG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,715 shares of the company’s stock at the end of the third quarter. Arizona State Retirement System’s holdings in Interpublic Group of Cos. were worth $2,206,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of IPG. FMR LLC raised its stake in Interpublic Group of Cos. by 40.6% in the second quarter. FMR LLC now owns 31,001,813 shares of the company’s stock worth $716,142,000 after buying an additional 8,956,445 shares during the last quarter. Boston Partners acquired a new position in shares of Interpublic Group of Cos. during the second quarter worth $81,087,000. TIAA CREF Investment Management LLC raised its position in shares of Interpublic Group of Cos. by 35.9% in the second quarter. TIAA CREF Investment Management LLC now owns 8,607,314 shares of the company’s stock worth $198,829,000 after buying an additional 2,274,255 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Interpublic Group of Cos. by 14.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 13,978,325 shares of the company’s stock worth $322,899,000 after buying an additional 1,813,110 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in shares of Interpublic Group of Cos. by 74.6% in the second quarter. Janus Capital Management LLC now owns 3,750,320 shares of the company’s stock worth $86,632,000 after buying an additional 1,602,717 shares in the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Interpublic Group of Cos. (NYSE:IPG) traded down 0.16% during mid-day trading on Monday, reaching $24.55. The company had a trading volume of 2,595,665 shares. The stock has a market capitalization of $9.75 billion, a P/E ratio of 18.36 and a beta of 1.59. The company’s 50-day moving average is $22.77 and its 200 day moving average is $23.08. Interpublic Group of Cos. has a 52-week low of $19.79 and a 52-week high of $24.82.

Interpublic Group of Cos. (NYSE:IPG) last posted its quarterly earnings data on Friday, October 21st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Interpublic Group of Cos. had a net margin of 7.09% and a return on equity of 26.70%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts anticipate that Interpublic Group of Cos. will post $1.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, November 29th. Interpublic Group of Cos.’s payout ratio is 44.78%.

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A number of brokerages have weighed in on IPG. Pivotal Research increased their price target on Interpublic Group of Cos. from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 17th. Jefferies Group reissued a “buy” rating on shares of Interpublic Group of Cos. in a research note on Monday, August 22nd. Wedbush reissued an “outperform” rating and set a $28.00 price target on shares of Interpublic Group of Cos. in a research note on Friday, October 21st. Royal Bank Of Canada began coverage on Interpublic Group of Cos. in a research note on Friday, October 7th. They set a “top pick” rating and a $27.00 price target on the stock. Finally, RBC Capital Markets began coverage on Interpublic Group of Cos. in a research note on Thursday, October 6th. They set a “top pick” rating and a $27.00 price target on the stock. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Interpublic Group of Cos. presently has a consensus rating of “Buy” and an average price target of $26.50.

In other Interpublic Group of Cos. news, SVP Ellen Tobi Johnson sold 35,765 shares of Interpublic Group of Cos. stock in a transaction that occurred 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 is available through this hyperlink. Company insiders own 1.75% of the company’s stock.

Interpublic Group of Cos. Company Profile

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).

5 Day Chart for NYSE:IPG

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