Barings LLC Sells 1,236 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Barings LLC decreased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,325 shares of the business services provider’s stock after selling 1,236 shares during the quarter. Barings LLC’s holdings in The Interpublic Group of Companies were worth $465,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in The Interpublic Group of Companies by 11.4% during the second quarter. BlackRock Inc. now owns 39,355,049 shares of the business services provider’s stock worth $1,278,646,000 after acquiring an additional 4,036,519 shares during the period. Bank of New York Mellon Corp increased its position in The Interpublic Group of Companies by 44.6% during the second quarter. Bank of New York Mellon Corp now owns 7,054,165 shares of the business services provider’s stock worth $229,189,000 after acquiring an additional 2,174,727 shares during the period. Schroder Investment Management Group increased its position in The Interpublic Group of Companies by 808.6% during the first quarter. Schroder Investment Management Group now owns 1,789,735 shares of the business services provider’s stock worth $52,260,000 after acquiring an additional 1,592,751 shares during the period. State of Michigan Retirement System increased its position in The Interpublic Group of Companies by 1,451.7% during the second quarter. State of Michigan Retirement System now owns 1,662,225 shares of the business services provider’s stock worth $54,006,000 after acquiring an additional 1,555,100 shares during the period. Finally, Amundi Asset Management US Inc. increased its position in The Interpublic Group of Companies by 24.2% during the first quarter. Amundi Asset Management US Inc. now owns 6,856,650 shares of the business services provider’s stock worth $200,188,000 after acquiring an additional 1,334,646 shares during the period.

A number of brokerages recently issued reports on IPG. Barclays reaffirmed an “overweight” rating on shares of The Interpublic Group of Companies in a research report on Friday, July 2nd. Macquarie lifted their price target on shares of The Interpublic Group of Companies from $37.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, July 22nd. Wells Fargo & Company lifted their price target on shares of The Interpublic Group of Companies from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 22nd. Bank of America upgraded shares of The Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $27.00 to $37.00 in a research note on Thursday, July 22nd. Finally, Zacks Investment Research downgraded shares of The Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $38.00 target price on the stock. in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $32.75.

In other The Interpublic Group of Companies news, Chairman Michael Isor Roth sold 200,000 shares of the business’s stock in a transaction dated Wednesday, July 28th. The stock was sold at an average price of $35.27, for a total transaction of $7,054,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.75% of the company’s stock.

Shares of NYSE IPG opened at $38.88 on Friday. The firm’s 50-day simple moving average is $36.41 and its 200 day simple moving average is $33.20. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The Interpublic Group of Companies, Inc. has a 12-month low of $16.07 and a 12-month high of $39.03.

The Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 20th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.28. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.06 billion. The Interpublic Group of Companies had a net margin of 7.91% and a return on equity of 34.27%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. On average, equities analysts expect that The Interpublic Group of Companies, Inc. will post 2.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 31st. This represents a $1.08 annualized dividend and a yield of 2.78%. The Interpublic Group of Companies’s dividend payout ratio is currently 62.43%.

The Interpublic Group of Companies Company Profile

Interpublic Group of Cos., Inc engages in the provision of advertising and marketing services. The firm specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates through the following segments: Integrated Agency Network (IAN) and Constituency Management Group (CMG).

Recommended Story: How to execute a trade ex-dividend strategy?

Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Interpublic Group of Companies, Inc. (NYSE:IPG).

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

Receive News & Ratings for The Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.