Riverhead Capital Management LLC decreased its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 33.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,325 shares of the business services provider’s stock after selling 21,151 shares during the quarter. Riverhead Capital Management LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $1,041,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bancorpsouth Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 34.4% during the first quarter. Bancorpsouth Inc. now owns 13,704 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 3,508 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Interpublic Group of Companies, Inc. (The) by 15.2% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,878,350 shares of the business services provider’s stock valued at $46,206,000 after purchasing an additional 247,275 shares in the last quarter. Victory Capital Management Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 4.0% during the second quarter. Victory Capital Management Inc. now owns 6,641,216 shares of the business services provider’s stock valued at $163,374,000 after purchasing an additional 253,446 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 1.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,203,171 shares of the business services provider’s stock valued at $29,598,000 after purchasing an additional 17,172 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Interpublic Group of Companies, Inc. (The) by 3.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 51,094 shares of the business services provider’s stock valued at $1,255,000 after purchasing an additional 1,490 shares in the last quarter. 98.01% of the stock is currently owned by institutional investors.

Shares of Interpublic Group of Companies, Inc. (IPG) opened at 20.01 on Friday. 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 capitalization of $7.87 billion, a PE ratio of 14.41 and a beta of 1.53. The stock has a 50 day moving average of $20.66 and a 200-day moving average of $23.47.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the Zacks’ 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 analyst estimates of $1.95 billion. During the same period in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Analysts predict that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is presently 51.80%.

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

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Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reissued a “buy” rating and issued a $26.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday. Citigroup Inc. raised shares of Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Jefferies Group LLC set a $26.00 target price on shares of Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, August 28th. Royal Bank Of Canada set a $24.00 target price on shares of Interpublic Group of Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 29th. Finally, 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 on the stock in a research note on Monday, August 14th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) presently has an average rating of “Hold” and a consensus target price of $26.00.

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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