Cibc World Markets Corp lessened its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 85.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,834 shares of the business services provider’s stock after selling 315,169 shares during the period. Cibc World Markets Corp’s holdings in Interpublic Group of Companies, Inc. (The) were worth $1,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of IPG. Stanley Laman Group Ltd. boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 0.3% during the 2nd quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock valued at $624,000 after acquiring an additional 67 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Interpublic Group of Companies, Inc. (The) by 1.8% in the first quarter. Oppenheimer & Co. Inc. now owns 9,235 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 165 shares during the period. First Manhattan Co. grew its holdings in shares of Interpublic Group of Companies, Inc. (The) by 2.7% in the second quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 195 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Interpublic Group of Companies, Inc. (The) by 3.0% in the first quarter. Pacer Advisors Inc. now owns 7,744 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 224 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Interpublic Group of Companies, Inc. (The) by 0.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

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In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at this link. Corporate insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (IPG) opened at 20.79 on Monday. The firm has a market capitalization of $8.18 billion, a PE ratio of 14.97 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 1-year low of $19.57 and a 1-year high of $25.71. The firm’s 50-day moving average price is $20.57 and its 200-day moving average price is $23.40.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its 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 during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the business posted $0.33 earnings per share. Interpublic Group of Companies, Inc. (The)’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts predict that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.46%. The ex-dividend date was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is 51.80%.

Several equities research analysts recently issued reports on IPG shares. Royal Bank Of Canada restated a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Friday. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, September 13th. 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. Finally, Jefferies Group LLC set a $26.00 price target on shares of Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Interpublic Group of Companies, Inc. (The) presently has an average rating of “Hold” and an average target price of $26.00.

About Interpublic Group of Companies, Inc. (The)

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).

Institutional Ownership by Quarter for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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