Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 797,178 shares of the business services provider’s stock after selling 9,985 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.20% of Interpublic Group of Companies, Inc. (The) worth $19,611,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Interpublic Group of Companies, Inc. (The) by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 39,548,092 shares of the business services provider’s stock worth $971,696,000 after purchasing an additional 2,396,037 shares in the last quarter. BlackRock Inc. grew its stake in shares of Interpublic Group of Companies, Inc. (The) by 1,377.1% during the 1st quarter. BlackRock Inc. now owns 35,267,293 shares of the business services provider’s stock worth $866,520,000 after acquiring an additional 32,879,667 shares in the last quarter. Boston Partners grew its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.7% during the 2nd quarter. Boston Partners now owns 21,969,850 shares of the business services provider’s stock worth $540,459,000 after acquiring an additional 376,427 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Interpublic Group of Companies, Inc. (The) by 22.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,648,240 shares of the business services provider’s stock worth $458,188,000 after acquiring an additional 3,411,539 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Interpublic Group of Companies, Inc. (The) by 34.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,044,673 shares of the business services provider’s stock worth $173,087,000 after acquiring an additional 1,802,258 shares in the last quarter. 98.01% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies, Inc. (NYSE IPG) opened at 20.19 on Tuesday. The company has a market capitalization of $7.94 billion, a PE ratio of 14.54 and a beta of 1.53. The company has a 50 day moving average of $21.72 and a 200 day moving average of $23.75. Interpublic Group of Companies, Inc. has a 1-year low of $19.57 and a 1-year high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced 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 company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company posted $0.33 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts predict that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued 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 yield of 3.57%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 51.80%.

Several equities analysts have recently weighed in on IPG shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, May 22nd. Macquarie cut shares of Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $28.00 to $24.00 in a research note on Tuesday, June 6th. Royal Bank Of Canada set a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, June 12th. Zacks Investment Research cut shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.07.

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In related news, SVP Julie Connors sold 5,854 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total transaction of $142,018.04. Following the completion of the sale, the senior vice president now owns 10,592 shares in the company, valued at $256,961.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $20.50, for a total value of $410,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

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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