Boston Private Wealth LLC Boosts Position in Interpublic Group of Companies Inc (IPG)

Boston Private Wealth LLC increased its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 644,961 shares of the business services provider’s stock after buying an additional 21,429 shares during the quarter. Boston Private Wealth LLC owned about 0.17% of Interpublic Group of Companies worth $14,750,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IPG. Korea Investment CORP increased its position in shares of Interpublic Group of Companies by 8.5% during the third quarter. Korea Investment CORP now owns 565,747 shares of the business services provider’s stock valued at $12,939,000 after acquiring an additional 44,400 shares during the last quarter. Freestone Capital Holdings LLC increased its position in shares of Interpublic Group of Companies by 2.1% during the third quarter. Freestone Capital Holdings LLC now owns 1,093,635 shares of the business services provider’s stock valued at $25,011,000 after acquiring an additional 22,330 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Interpublic Group of Companies by 11.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 35,395 shares of the business services provider’s stock valued at $868,000 after acquiring an additional 3,705 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Interpublic Group of Companies by 0.4% during the third quarter. Pzena Investment Management LLC now owns 16,696,074 shares of the business services provider’s stock valued at $381,839,000 after acquiring an additional 65,158 shares during the last quarter. Finally, CIBC World Markets Inc. increased its position in shares of Interpublic Group of Companies by 96.1% during the third quarter. CIBC World Markets Inc. now owns 138,320 shares of the business services provider’s stock valued at $3,163,000 after acquiring an additional 67,801 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 5,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jocelyn Carter-Miller sold 8,735 shares of the 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 disclosure for this sale can be found here. 1.32% of the stock is currently owned by corporate insiders.

A number of analysts recently commented on the company. BMO Capital Markets increased their price target on Interpublic Group of Companies from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, October 24th. Zacks Investment Research downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Citigroup increased their price target on Interpublic Group of Companies from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 19th. ValuEngine downgraded Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 price target on shares of Interpublic Group of Companies in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Interpublic Group of Companies currently has an average rating of “Hold” and an average price target of $25.56.

Shares of NYSE IPG opened at $22.70 on Monday. Interpublic Group of Companies Inc has a 1-year low of $18.51 and a 1-year high of $26.01. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.76 and a beta of 1.07. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.24 and a quick ratio of 1.24.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Friday, October 19th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. Interpublic Group of Companies had a return on equity of 30.99% and a net margin of 6.62%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company earned $0.31 earnings per share. Interpublic Group of Companies’s revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that Interpublic Group of Companies Inc will post 1.74 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a 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 59.57%.

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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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