O Shares Investment Advisers LLC Purchases 1,088 Shares of Interpublic Group of Companies Inc (NYSE:IPG)

O Shares Investment Advisers LLC grew its position in Interpublic Group of Companies Inc (NYSE:IPG) by 6.2% in the second quarter, HoldingsChannel.com reports. The firm owned 18,624 shares of the business services provider’s stock after acquiring an additional 1,088 shares during the period. O Shares Investment Advisers LLC’s holdings in Interpublic Group of Companies were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IPG. Dimensional Fund Advisors LP boosted its position in shares of Interpublic Group of Companies by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,243,313 shares of the business services provider’s stock worth $66,908,000 after acquiring an additional 41,879 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of 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. Janney Montgomery Scott LLC boosted its position in shares of Interpublic Group of Companies by 62.4% during the first quarter. Janney Montgomery Scott LLC now owns 20,867 shares of the business services provider’s stock worth $438,000 after acquiring an additional 8,017 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of Interpublic Group of Companies by 4.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 38,294 shares of the business services provider’s stock worth $805,000 after acquiring an additional 1,602 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its position in shares of Interpublic Group of Companies by 0.8% during the first quarter. State Treasurer State of Michigan now owns 110,929 shares of the business services provider’s stock worth $2,331,000 after acquiring an additional 900 shares during the last quarter. Institutional investors and hedge funds own 98.00% of the company’s stock.

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

A number of equities analysts recently weighed in on IPG shares. Bank of America upgraded shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research report 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 target price for the company. in a research report on Wednesday, July 3rd. TheStreet lowered shares of Interpublic Group of Companies from a “b” rating to a “c+” rating in a research report on Thursday, August 15th. BMO Capital Markets dropped their target price on shares of Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, ValuEngine lowered shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.71.

IPG stock traded down $0.25 during trading on Tuesday, hitting $21.17. 1,045,882 shares of the company’s stock traded hands, compared to its average volume of 2,962,762. Interpublic Group of Companies Inc has a 52 week low of $19.56 and a 52 week high of $25.10. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.97 and a current ratio of 0.97. The business has a fifty day simple moving average of $20.84 and a 200 day simple moving average of $21.99. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 2.39 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Interpublic Group of Companies had a net margin of 6.46% and a return on equity of 32.03%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the business earned $0.43 earnings per share. Interpublic Group of Companies’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts forecast that Interpublic Group of Companies Inc will post 1.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.235 per share. The ex-dividend date is Friday, August 30th. This represents a $0.94 annualized dividend and a yield of 4.44%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 50.54%.

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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