Franklin Resources Inc. bought a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,339 shares of the business services provider’s stock, valued at approximately $205,000.

Other large investors also recently added to or reduced their stakes in the company. Global X Management Co. LLC grew its position in Interpublic Group of Companies, Inc. (The) by 29.9% during the 1st quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after purchasing an additional 1,266 shares during the last quarter. Van ECK Associates Corp grew its position in Interpublic Group of Companies, Inc. (The) by 6.4% during the 1st quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock worth $135,000 after purchasing an additional 331 shares during the last quarter. Exane Derivatives grew its position in Interpublic Group of Companies, Inc. (The) by 181.3% during the 2nd quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after purchasing an additional 3,631 shares during the last quarter. First Bank & Trust grew its position in Interpublic Group of Companies, Inc. (The) by 22.7% during the 2nd quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock worth $172,000 after purchasing an additional 1,296 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Interpublic Group of Companies, Inc. (The) by 62.7% during the 2nd quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock worth $180,000 after purchasing an additional 2,817 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors.

In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.49% of the company’s stock.

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Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 21.34 on Friday. The firm has a market capitalization of $8.39 billion, a PE ratio of 15.36 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 52 week low of $19.57 and a 52 week high of $25.71. The firm’s 50-day moving average is $20.51 and its 200 day moving average is $23.13.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its earnings results 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). The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. On average, equities analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.

The firm also recently announced 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. The ex-dividend date was Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.37%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 51.80%.

IPG has been the topic of several research analyst reports. 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 research report on Thursday, July 27th. BidaskClub downgraded shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Morgan Stanley reissued an “equal weight” rating and set 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. Argus dropped their target price on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada set a $24.00 target price on shares of Interpublic Group of Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus 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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