Schwab Charles Investment Management Inc. increased its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,823,041 shares of the business services provider’s stock after acquiring an additional 59,771 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.47% of Interpublic Group of Companies worth $37,902,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Commonwealth Bank of Australia lifted its position in Interpublic Group of Companies by 14.0% during the third quarter. Commonwealth Bank of Australia now owns 54,483 shares of the business services provider’s stock valued at $1,128,000 after purchasing an additional 6,689 shares during the period. Wells Fargo & Company MN lifted its position in Interpublic Group of Companies by 159.5% during the third quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock valued at $150,730,000 after purchasing an additional 4,455,788 shares during the period. Zeke Capital Advisors LLC bought a new position in Interpublic Group of Companies during the third quarter valued at approximately $432,000. Cadence Capital Management LLC lifted its position in Interpublic Group of Companies by 79.7% during the third quarter. Cadence Capital Management LLC now owns 123,051 shares of the business services provider’s stock valued at $2,558,000 after purchasing an additional 54,559 shares during the period. Finally, Schroder Investment Management Group lifted its position in Interpublic Group of Companies by 391.0% during the third quarter. Schroder Investment Management Group now owns 129,100 shares of the business services provider’s stock valued at $2,669,000 after purchasing an additional 102,806 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies, Inc. (IPG) traded up $0.03 during mid-day trading on Friday, reaching $20.22. 4,391,979 shares of the company traded hands, compared to its average volume of 5,945,851. The stock has a market cap of $7,846.01, a P/E ratio of 14.63, a PEG ratio of 1.25 and a beta of 1.47. Interpublic Group of Companies, Inc. has a 52 week low of $18.30 and a 52 week high of $25.71. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63.

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 Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Interpublic Group of Companies 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 period in the prior year, the business earned $0.31 EPS. analysts predict that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 50.00%.

In other news, Director H John Greeniaus sold 43,479 shares of Interpublic Group of Companies 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.49% of the company’s stock.

A number of brokerages have commented on IPG. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Credit Suisse Group set a $26.00 target price on shares of Interpublic Group of Companies and gave the company a “buy” rating in a report on Wednesday, October 11th. Morgan Stanley reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a report on Monday, October 16th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a report on Friday, September 29th. Finally, Pivotal Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Monday, August 14th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Interpublic Group of Companies 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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