Fort L.P. reduced its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 31.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,312 shares of the business services provider’s stock after selling 205,220 shares during the period. Interpublic Group of Companies accounts for 2.2% of Fort L.P.’s portfolio, making the stock its 18th largest position. Fort L.P. owned approximately 0.11% of Interpublic Group of Companies worth $9,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in IPG. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Interpublic Group of Companies by 1.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,203,171 shares of the business services provider’s stock worth $29,598,000 after purchasing an additional 17,172 shares during the period. Dupont Capital Management Corp grew its holdings in Interpublic Group of Companies by 129.8% in the third quarter. Dupont Capital Management Corp now owns 129,522 shares of the business services provider’s stock worth $2,693,000 after purchasing an additional 73,155 shares during the period. Victory Capital Management Inc. grew its holdings in Interpublic Group of Companies by 4.0% in the second quarter. Victory Capital Management Inc. now owns 6,641,216 shares of the business services provider’s stock worth $163,374,000 after purchasing an additional 253,446 shares during the period. Swiss National Bank grew its holdings in Interpublic Group of Companies by 1.7% in the second quarter. Swiss National Bank now owns 1,430,790 shares of the business services provider’s stock worth $35,197,000 after purchasing an additional 24,000 shares during the period. Finally, Eaton Vance Management grew its holdings in Interpublic Group of Companies by 21.6% in the second quarter. Eaton Vance Management now owns 4,909,835 shares of the business services provider’s stock worth $120,782,000 after purchasing an additional 871,099 shares during the period. 99.76% of the stock is owned by institutional investors.

In other news, Director H John Greeniaus sold 43,479 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE IPG) traded down $0.15 during trading hours on Tuesday, hitting $18.58. 8,275,200 shares of the stock were exchanged, compared to its average volume of 4,839,856. Interpublic Group of Companies, Inc. has a 1 year low of $18.30 and a 1 year high of $25.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $7,278.64, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46.

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

The company 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 dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies’s payout ratio is 50.00%.

A number of equities research analysts have weighed in on IPG shares. BidaskClub cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada set a $24.00 price objective on shares of Interpublic Group of Companies and gave the stock a “hold” rating in a report on Tuesday, August 29th. BMO Capital Markets cut their price objective on shares of Interpublic Group of Companies from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. TheStreet cut shares of Interpublic Group of Companies from a “b-” rating to a “c+” rating in a report on Wednesday, November 22nd. Finally, Citigroup upgraded shares of Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.77.

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Interpublic Group of Companies 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).

Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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