Tyers Asset Management LLC increased its stake in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 45.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,508 shares of the business services provider’s stock after purchasing an additional 17,842 shares during the quarter. Tyers Asset Management LLC’s holdings in Interpublic Group of Companies were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IPG. BlackRock Inc. grew its holdings in shares of Interpublic Group of Companies by 21.3% during the first quarter. BlackRock Inc. now owns 50,595,126 shares of the business services provider’s stock worth $1,063,001,000 after buying an additional 8,893,992 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Interpublic Group of Companies by 20.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 9,475,275 shares of the business services provider’s stock valued at $199,074,000 after buying an additional 1,603,251 shares during the period. Ceredex Value Advisors LLC boosted its position in Interpublic Group of Companies by 73.1% during the first quarter. Ceredex Value Advisors LLC now owns 1,949,800 shares of the business services provider’s stock worth $40,966,000 after acquiring an additional 823,550 shares during the last quarter. Geode Capital Management LLC boosted its position in Interpublic Group of Companies by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 5,912,918 shares of the business services provider’s stock worth $121,825,000 after acquiring an additional 479,075 shares during the last quarter. Finally, WBI Investments Inc. boosted its position in Interpublic Group of Companies by 623.2% during the second quarter. WBI Investments Inc. now owns 468,555 shares of the business services provider’s stock worth $10,585,000 after acquiring an additional 403,764 shares during the last quarter. 98.02% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE IPG traded down $0.63 during mid-day trading on Wednesday, reaching $21.00. 217,987 shares of the company traded hands, compared to its average volume of 2,859,936. Interpublic Group of Companies Inc has a fifty-two week low of $19.56 and a fifty-two week high of $25.10. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $8.16 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. The stock has a fifty day simple moving average of $21.01 and a 200-day simple moving average of $22.06.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, July 23rd. The business services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. Interpublic Group of Companies had a return on equity of 32.03% and a net margin of 6.46%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. As a group, analysts predict that Interpublic Group of Companies Inc will post 1.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Friday, August 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 50.54%.

In other news, CEO Michael Isor Roth sold 431,594 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $23.08, for a total value of $9,961,189.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H John Greeniaus sold 44,396 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $23.02, for a total value of $1,021,995.92. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by insiders.

Several equities research analysts have recently issued reports on the company. TheStreet cut Interpublic Group of Companies from a “b” rating to a “c+” rating in a report on Thursday, August 15th. Bank of America upgraded shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 10th. Zacks Investment Research lowered shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Wednesday, July 3rd. BMO Capital Markets cut their target price on shares of Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, ValuEngine cut Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.71.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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