Employees Retirement System of Texas lessened its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 12.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 367,000 shares of the business services provider’s stock after selling 52,000 shares during the period. Employees Retirement System of Texas owned approximately 0.09% of Interpublic Group of Companies, Inc. (The) worth $9,028,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 8.6% during the first quarter. UBS Asset Management Americas Inc. now owns 1,034,001 shares of the business services provider’s stock worth $25,405,000 after purchasing an additional 81,603 shares during the period. Mutual of America Capital Management LLC lifted its holdings in Interpublic Group of Companies, Inc. (The) by 4.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 50,431 shares of the business services provider’s stock worth $1,239,000 after purchasing an additional 2,246 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Interpublic Group of Companies, Inc. (The) by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 7,744 shares of the business services provider’s stock worth $190,000 after purchasing an additional 224 shares during the last quarter. Stifel Financial Corp lifted its holdings in Interpublic Group of Companies, Inc. (The) by 32.4% during the 1st quarter. Stifel Financial Corp now owns 107,937 shares of the business services provider’s stock worth $2,652,000 after purchasing an additional 26,418 shares during the last quarter. Finally, Clinton Group Inc. acquired a new stake in Interpublic Group of Companies, Inc. (The) during the 1st quarter worth approximately $781,000. Institutional investors own 97.93% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded up 1.25% during trading on Monday, hitting $21.05. 426,884 shares of the stock traded hands. The stock has a 50-day moving average of $20.57 and a 200 day moving average of $23.40. The company has a market cap of $8.28 billion, a P/E ratio of 15.15 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.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.95 billion. During the same period last year, the company posted $0.33 EPS. The business’s revenue for the quarter 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 announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s payout ratio is presently 51.80%.

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IPG has been the topic of a number of research reports. Macquarie lowered Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $28.00 to $24.00 in a report on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and set a $26.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday, July 27th. BidaskClub downgraded Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley reissued an “equal weight” rating and issued a $24.00 target price (down previously from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Finally, Argus reduced their target price on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.00.

In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.49% of the stock is owned by insiders.

Interpublic Group of Companies, Inc. (The) 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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