Interpublic Group of Companies Inc (IPG) Shares Sold by Twin Tree Management LP

Twin Tree Management LP trimmed its holdings in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 66.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,686 shares of the business services provider’s stock after selling 11,450 shares during the quarter. Twin Tree Management LP’s holdings in Interpublic Group of Companies were worth $130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BancorpSouth Bank grew its position in Interpublic Group of Companies by 12.4% during the second quarter. BancorpSouth Bank now owns 20,613 shares of the business services provider’s stock valued at $483,000 after buying an additional 2,271 shares during the period. Commonwealth Bank of Australia lifted its holdings in Interpublic Group of Companies by 5.4% during the second quarter. Commonwealth Bank of Australia now owns 49,566 shares of the business services provider’s stock valued at $1,157,000 after purchasing an additional 2,554 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Interpublic Group of Companies by 0.6% during the second quarter. Macquarie Group Ltd. now owns 476,222 shares of the business services provider’s stock valued at $11,163,000 after purchasing an additional 2,754 shares in the last quarter. Spectrum Management Group Inc. lifted its holdings in Interpublic Group of Companies by 2.2% during the third quarter. Spectrum Management Group Inc. now owns 129,715 shares of the business services provider’s stock valued at $2,967,000 after purchasing an additional 2,785 shares in the last quarter. Finally, Alpha Windward LLC lifted its holdings in Interpublic Group of Companies by 12.4% during the third quarter. Alpha Windward LLC now owns 25,492 shares of the business services provider’s stock valued at $583,000 after purchasing an additional 2,820 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

In other news, Director Jocelyn Carter-Miller sold 8,735 shares of the business’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $23.24, for a total value of $203,001.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director H John Greeniaus sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $23.50, for a total transaction of $117,500.00. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by insiders.

IPG stock opened at $22.70 on Friday. Interpublic Group of Companies Inc has a one year low of $18.51 and a one year high of $26.01. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $8.87 billion, a PE ratio of 16.10, a P/E/G ratio of 1.79 and a beta of 1.07.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Friday, October 19th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. Interpublic Group of Companies had a net margin of 6.62% and a return on equity of 30.99%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts predict that Interpublic Group of Companies Inc will post 1.74 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, November 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 59.57%.

IPG has been the topic of several analyst reports. Zacks Investment Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, October 24th. ValuEngine raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Macquarie raised shares of Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $24.00 to $25.00 in a report on Thursday, September 20th. JPMorgan Chase & Co. initiated coverage on shares of Interpublic Group of Companies in a report on Thursday, October 11th. They set an “overweight” rating on the stock. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 price target on shares of Interpublic Group of Companies in a report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $25.56.

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Interpublic Group of Companies 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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