Davidson Investment Advisors increased its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 87.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482,377 shares of the business services provider’s stock after purchasing an additional 224,375 shares during the period. Davidson Investment Advisors owned 0.12% of Interpublic Group of Companies, Inc. (The) worth $10,028,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IPG. Acrospire Investment Management LLC raised its holdings in Interpublic Group of Companies, Inc. (The) by 755.0% in 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 last quarter. Capstone Investment Advisors Netherlands B.V. raised 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 valued at $117,000 after acquiring an additional 1,254 shares during the last quarter. Global X Management Co. LLC raised 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 valued at $156,000 after acquiring an additional 847 shares during the last quarter. First Bank & Trust raised 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 valued at $172,000 after acquiring an additional 1,296 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Interpublic Group of Companies, Inc. (The) by 62.7% in the 2nd quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock valued at $180,000 after acquiring an additional 2,817 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

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In other news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE:IPG) remained flat at $$18.72 during mid-day trading on Thursday. The company’s stock had a trading volume of 5,178,500 shares, compared to its average volume of 4,837,469. The firm has a market capitalization of $7,274.75, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.16 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. has a 12-month low of $18.30 and a 12-month high of $25.71.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.85%. Interpublic Group of Companies, Inc. (The)’s payout ratio is 50.00%.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Credit Suisse Group set a $26.00 price target on Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, October 11th. Argus downgraded Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Tuesday, October 31st. Royal Bank Of Canada reiterated a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, September 29th. Finally, Pivotal Research reiterated a “buy” rating and issued a $23.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) currently has a consensus rating of “Hold” and an average target price of $25.77.

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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