Renaissance Group LLC grew its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,295,600 shares of the business services provider’s stock after acquiring an additional 73,612 shares during the period. Renaissance Group LLC owned 0.33% of Interpublic Group of Companies, Inc. (The) worth $26,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Stanley Laman Group Ltd. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 0.3% in the second quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock worth $624,000 after acquiring an additional 67 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock worth $224,000 after buying an additional 90 shares during the last quarter. First Manhattan Co. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 2.7% during the second quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock worth $185,000 after buying an additional 195 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 0.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock worth $722,000 after buying an additional 225 shares during the last quarter. Finally, Sentry Investment Management LLC raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock worth $519,000 after buying an additional 225 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

A number of research firms recently weighed in on IPG. BMO Capital Markets reissued an “outperform” rating and set a $26.00 price target (down from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Telsey Advisory Group dropped their price target on shares of Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, July 26th. BidaskClub downgraded shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Morgan Stanley reissued a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.77.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded down $0.14 during trading on Tuesday, hitting $18.91. 4,710,400 shares of the stock traded hands, compared to its average volume of 4,838,253. The firm has a market capitalization of $7,290.00, a PE ratio of 13.80, a PEG ratio of 1.18 and a beta of 1.46. Interpublic Group of Companies, Inc. has a 12 month low of $18.30 and a 12 month high of $25.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 88.89%.

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In other news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.49% of the stock is owned by corporate 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).

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

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