Interpublic Group of Companies, Inc. (The) (IPG) Holdings Cut by WBI Investments Inc.

WBI Investments Inc. lowered its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 19.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 677,934 shares of the business services provider’s stock after selling 159,668 shares during the period. Interpublic Group of Companies, Inc. (The) makes up 0.7% of WBI Investments Inc.’s portfolio, making the stock its 29th biggest position. WBI Investments Inc. owned approximately 0.17% of Interpublic Group of Companies, Inc. (The) worth $16,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of IPG. Nationwide Fund Advisors boosted its holdings in Interpublic Group of Companies, Inc. (The) by 1.9% during the first quarter. Nationwide Fund Advisors now owns 111,130 shares of the business services provider’s stock worth $2,730,000 after buying an additional 2,028 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Interpublic Group of Companies, Inc. (The) by 41.4% during the first quarter. Russell Investments Group Ltd. now owns 228,110 shares of the business services provider’s stock worth $5,605,000 after buying an additional 66,756 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new position in Interpublic Group of Companies, Inc. (The) during the first quarter worth about $209,000. Jennison Associates LLC bought a new position in Interpublic Group of Companies, Inc. (The) during the first quarter worth about $797,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Interpublic Group of Companies, Inc. (The) by 8.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,736 shares of the business services provider’s stock worth $239,000 after buying an additional 746 shares during the last quarter. Hedge funds and other institutional investors own 98.01% of the company’s stock.

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A number of research firms have recently commented on IPG. Citigroup Inc. raised Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Jefferies Group LLC set a $26.00 price target on Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, August 28th. Royal Bank Of Canada set a $24.00 target price on Interpublic Group of Companies, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, August 29th. Pivotal Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, August 14th. Finally, BidaskClub lowered Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.07.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) traded down 2.56% during trading on Tuesday, reaching $19.80. The company’s stock had a trading volume of 6,115,622 shares. Interpublic Group of Companies, Inc. has a 52-week low of $19.57 and a 52-week high of $25.71. The stock has a market cap of $7.79 billion, a P/E ratio of 14.25 and a beta of 1.53. The stock has a 50-day moving average of $20.97 and a 200-day moving average of $23.61.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.07). Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $0.33 earnings per share. Interpublic Group of Companies, Inc. (The)’s revenue was down 1.7% on a year-over-year basis. Analysts predict that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s payout ratio is currently 51.80%.

In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $20.50, for a total value of $410,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Julie Connors sold 5,854 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total value of $142,018.04. Following the completion of the transaction, the senior vice president now directly owns 10,592 shares of the company’s stock, valued at $256,961.92. The disclosure for this sale can be found here. 1.49% of the stock is owned by company insiders.

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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