State Street Corp boosted its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,488,223 shares of the business services provider’s stock after purchasing an additional 25,858 shares during the quarter. State Street Corp owned about 4.45% of Interpublic Group of Companies, Inc. (The) worth $430,216,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Interpublic Group of Companies, Inc. (The) by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 39,967,140 shares of the business services provider’s stock valued at $983,192,000 after purchasing an additional 419,048 shares during the period. BlackRock Inc. lifted its position in shares of Interpublic Group of Companies, Inc. (The) by 2.7% in the 2nd quarter. BlackRock Inc. now owns 36,204,064 shares of the business services provider’s stock worth $890,619,000 after acquiring an additional 936,771 shares during the period. Boston Partners lifted its position in shares of Interpublic Group of Companies, Inc. (The) by 1.7% in the 2nd quarter. Boston Partners now owns 21,969,850 shares of the business services provider’s stock worth $540,459,000 after acquiring an additional 376,427 shares during the period. Voya Investment Management LLC lifted its position in shares of Interpublic Group of Companies, Inc. (The) by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 9,175,028 shares of the business services provider’s stock worth $225,706,000 after acquiring an additional 1,177,667 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Interpublic Group of Companies, Inc. (The) by 21.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock worth $210,280,000 after acquiring an additional 1,503,316 shares during the period. Hedge funds and other institutional investors own 97.92% of the company’s stock.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the business’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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.49% of the company’s stock.

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Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.07). The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 51.80%.

A number of brokerages have commented on IPG. Zacks Investment Research downgraded Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday. Credit Suisse Group set a $26.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada reiterated a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Friday, September 29th. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, September 13th. Finally, Citigroup Inc. upgraded Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Interpublic Group of Companies, Inc. (The) has an average rating of “Hold” and a consensus target price of $25.71.

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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