BNP Paribas Arbitrage SA boosted its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 64.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 351,220 shares of the business services provider’s stock after purchasing an additional 137,284 shares during the period. BNP Paribas Arbitrage SA owned about 0.09% of Interpublic Group of Companies, Inc. (The) worth $7,302,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC grew its position in shares of Interpublic Group of Companies, Inc. (The) by 755.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 3,979 shares during the period. Capstone Investment Advisors Netherlands B.V. boosted its holdings in Interpublic Group of Companies, Inc. (The) by 35.6% in the 2nd 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. Exane Derivatives boosted its holdings in Interpublic Group of Companies, Inc. (The) by 181.3% in the 2nd 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. Global X Management Co. LLC boosted its holdings in Interpublic Group of Companies, Inc. (The) by 15.4% in the 2nd quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock worth $156,000 after buying an additional 847 shares during the period. Finally, First Bank & Trust boosted its holdings in Interpublic Group of Companies, Inc. (The) by 22.7% in the 2nd quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock worth $172,000 after buying an additional 1,296 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

In other Interpublic Group of Companies, Inc. (The) news, Director H John Greeniaus sold 43,479 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ellen Tobi Johnson sold 20,000 shares of Interpublic Group of Companies, Inc. (The) 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 disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Interpublic Group of Companies, Inc. (The) (IPG) Holdings Raised by BNP Paribas Arbitrage SA” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/11/17/interpublic-group-of-companies-inc-the-ipg-holdings-raised-by-bnp-paribas-arbitrage-sa.html.

Several analysts have issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 target price (down from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Telsey Advisory Group lowered their price objective on shares of Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 26th. Royal Bank Of Canada cut shares of Interpublic Group of Companies, Inc. (The) from a “top pick” rating to a “sector perform” rating and lowered their price objective for the company from $29.00 to $24.00 in a research report on Wednesday, July 26th. BidaskClub lowered shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Atlantic Securities lowered shares of Interpublic Group of Companies, Inc. (The) from a “neutral” rating to an “underweight” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.77.

Interpublic Group of Companies, Inc. (IPG) opened at $18.66 on Friday. Interpublic Group of Companies, Inc. has a 12-month low of $18.30 and a 12-month high of $25.71. The stock has a market cap of $7,171.77, a PE ratio of 13.37, a P/E/G ratio of 1.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Interpublic Group of Companies, Inc. (The) had a net margin of 7.43% and a return on equity of 27.38%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the business earned $0.31 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. equities analysts anticipate that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.86%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 50.00%.

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).

Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interpublic Group of Companies, Inc. (The) (NYSE:IPG).

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

Receive News & Stock Ratings for Interpublic Group of Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies Inc. (The) and related stocks with our FREE daily email newsletter.