Dana Investment Advisors Inc. lessened its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 621,018 shares of the business services provider’s stock after selling 33,766 shares during the period. Dana Investment Advisors Inc. owned approximately 0.16% of Interpublic Group of Companies, Inc. (The) worth $15,277,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Stanley Laman Group Ltd. grew its stake in Interpublic Group of Companies, Inc. (The) by 0.3% in the 2nd quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock worth $624,000 after buying an additional 67 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Interpublic Group of Companies, Inc. (The) by 1.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 9,235 shares of the business services provider’s stock worth $227,000 after buying an additional 165 shares in the last quarter. First Manhattan Co. grew its stake in Interpublic Group of Companies, Inc. (The) by 2.7% in the 2nd quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock worth $185,000 after buying an additional 195 shares in the last quarter. Pacer Advisors Inc. grew its stake in Interpublic Group of Companies, Inc. (The) by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 7,744 shares of the business services provider’s stock worth $190,000 after buying an additional 224 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Interpublic Group of Companies, Inc. (The) by 0.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock worth $722,000 after buying an additional 225 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction on Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded up 0.0117% during midday trading on Thursday, reaching $21.3025. 915,574 shares of the company were exchanged. The firm has a market capitalization of $8.38 billion, a PE ratio of 15.3366 and a beta of 1.53. The company has a 50-day moving average of $20.50 and a 200 day moving average of $23.14. Interpublic Group of Companies, Inc. has a 52 week low of $19.57 and a 52 week high of $25.71.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 51.80%.

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A number of research firms have commented on IPG. Pivotal Research raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, August 14th. Royal Bank Of Canada reissued a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Friday, September 29th. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Jefferies Group LLC reissued a “buy” rating and issued a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, June 26th. Finally, Argus cut their price target on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) presently has a consensus rating of “Hold” and an average price target of $26.00.

Interpublic Group of Companies, Inc. (The) 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, Inc. (The) (NYSE:IPG)

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