Renaissance Group LLC decreased its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,221,988 shares of the business services provider’s stock after selling 17,517 shares during the period. Renaissance Group LLC owned about 0.31% of Interpublic Group of Companies, Inc. (The) worth $30,061,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of IPG. Van ECK Associates Corp increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock worth $135,000 after buying an additional 331 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 29.9% in the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after buying an additional 1,266 shares during the last quarter. Exane Derivatives increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after buying an additional 3,631 shares during the last quarter. First Bank & Trust increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 22.7% in the second quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock worth $172,000 after buying an additional 1,296 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 120.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,285 shares of the business services provider’s stock worth $179,000 after buying an additional 3,973 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies, Inc. (NYSE IPG) opened at 20.20 on Monday. Interpublic Group of Companies, Inc. has a 12-month low of $19.57 and a 12-month high of $25.71. The company has a market cap of $7.94 billion, a P/E ratio of 14.54 and a beta of 1.53. The firm’s 50 day moving average is $22.35 and its 200 day moving average is $23.88.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the business earned $0.33 earnings per share. Interpublic Group of Companies, Inc. (The)’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts anticipate that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.56%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is currently 51.80%.

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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $26.00 target price (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. Pivotal Research raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Monday, August 14th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, June 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.07.

In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Julie Connors sold 5,854 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total transaction of $142,018.04. Following the sale, the senior vice president now directly owns 10,592 shares in the company, valued at $256,961.92. The disclosure for this sale can be found here. 1.49% of the stock is owned by company insiders.

Interpublic Group of Companies, Inc. (The) Company 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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