FIL Ltd Has $129.65 Million Stake in Interpublic Group of Companies, Inc. (The) (IPG)

FIL Ltd cut its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 13.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,270,354 shares of the business services provider’s stock after selling 818,185 shares during the quarter. FIL Ltd owned about 1.34% of Interpublic Group of Companies, Inc. (The) worth $129,651,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IPG. Nationwide Fund Advisors increased its holdings in shares of 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 valued at $2,730,000 after acquiring an additional 2,028 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of 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 valued at $5,605,000 after acquiring an additional 66,756 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Interpublic Group of Companies, Inc. (The) by 4.5% during the first quarter. American Century Companies Inc. now owns 107,922 shares of the business services provider’s stock valued at $2,652,000 after acquiring an additional 4,666 shares in the last quarter. Suntrust Banks Inc. increased its holdings in shares of Interpublic Group of Companies, Inc. (The) by 22.9% during the first quarter. Suntrust Banks Inc. now owns 21,701 shares of the business services provider’s stock valued at $531,000 after acquiring an additional 4,044 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Interpublic Group of Companies, Inc. (The) by 8.6% during the first quarter. UBS Asset Management Americas Inc. now owns 1,034,001 shares of the business services provider’s stock valued at $25,405,000 after acquiring an additional 81,603 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Several equities research analysts recently commented on IPG shares. Zacks Investment Research cut Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BidaskClub raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $26.00 price objective (down from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Pivotal Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Monday, August 14th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, June 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) currently has an average rating of “Hold” and an average price target of $26.00.

In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $20.50, for a total value of $410,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.49% of the stock is owned by corporate insiders.

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Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) traded up 0.19% on Friday, reaching $20.89. The company’s stock had a trading volume of 1,205,546 shares. The firm has a 50 day moving average price of $20.57 and a 200-day moving average price of $23.40. The stock has a market cap of $8.22 billion, a PE ratio of 15.04 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 12-month low of $19.57 and a 12-month high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities research analysts expect that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.46%. Interpublic Group of Companies, Inc. (The)’s payout ratio is 51.80%.

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).

Institutional Ownership by Quarter for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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