Flinton Capital Management LLC cut its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 33.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,976 shares of the business services provider’s stock after selling 33,544 shares during the quarter. Flinton Capital Management LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its position in Interpublic Group of Companies, Inc. (The) by 755.0% during the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after buying an additional 3,979 shares during the period. Capstone Investment Advisors Netherlands B.V. lifted its position in Interpublic Group of Companies, Inc. (The) by 35.6% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock worth $117,000 after buying an additional 1,254 shares during the period. Global X Management Co. LLC lifted its position in Interpublic Group of Companies, Inc. (The) by 29.9% during the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after buying an additional 1,266 shares during the period. Van ECK Associates Corp lifted its position in Interpublic Group of Companies, Inc. (The) by 6.4% during the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock worth $135,000 after buying an additional 331 shares during the period. Finally, Exane Derivatives lifted its position in Interpublic Group of Companies, Inc. (The) by 181.3% during the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after buying an additional 3,631 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Several equities analysts recently weighed in on the company. BidaskClub upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research downgraded Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and issued a $29.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and issued a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, June 26th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $24.00 price objective (down from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Interpublic Group of Companies, Inc. (The) has an average rating of “Hold” and an average target price of $26.00.

Interpublic Group of Companies, Inc. (NYSE IPG) traded up 0.33% during midday trading on Friday, hitting $21.41. The stock had a trading volume of 247,728 shares. Interpublic Group of Companies, Inc. has a 12-month low of $19.57 and a 12-month high of $25.71. The stock has a market cap of $8.42 billion, a P/E ratio of 15.41 and a beta of 1.53. The company’s 50-day moving average price is $20.51 and its 200 day moving average price is $23.13.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released 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 net margin of 7.19% and a return on equity of 27.72%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.33 EPS. Interpublic Group of Companies, Inc. (The)’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 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.18 dividend. The ex-dividend date of this dividend 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 is currently 51.80%.

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In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. 1.49% of the stock is owned by insiders.

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).

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

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