BB&T Securities LLC Takes Position in Interpublic Group of Companies, Inc. (The) (IPG)

BB&T Securities LLC acquired a new stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) during the first quarter, Holdings Channel reports. The firm acquired 8,600 shares of the business services provider’s stock, valued at approximately $211,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. raised its position in Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 339,257 shares of the business services provider’s stock valued at $8,335,000 after buying an additional 6,774 shares in the last quarter. Bank of Montreal Can raised its position in Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. Bank of Montreal Can now owns 156,301 shares of the business services provider’s stock valued at $3,841,000 after buying an additional 3,119 shares during the period. Comerica Bank raised its position in Interpublic Group of Companies, Inc. (The) by 0.3% in the fourth quarter. Comerica Bank now owns 200,123 shares of the business services provider’s stock valued at $4,718,000 after buying an additional 548 shares during the period. Montag A & Associates Inc. raised its position in Interpublic Group of Companies, Inc. (The) by 532.1% in the first quarter. Montag A & Associates Inc. now owns 116,300 shares of the business services provider’s stock valued at $2,857,000 after buying an additional 97,900 shares during the period. Finally, Boston Partners raised its position in Interpublic Group of Companies, Inc. (The) by 3.3% in the first quarter. Boston Partners now owns 21,593,423 shares of the business services provider’s stock valued at $530,550,000 after buying an additional 688,696 shares during the period. 98.92% of the stock is currently owned by institutional investors and hedge funds.

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

Interpublic Group of Companies, Inc. (NYSE IPG) traded up 0.16% during midday trading on Friday, reaching $24.41. The company’s stock had a trading volume of 4,328,014 shares. The stock has a 50 day moving average of $24.35 and a 200 day moving average of $24.13. Interpublic Group of Companies, Inc. has a 52 week low of $21.67 and a 52 week high of $25.34. The firm has a market capitalization of $9.64 billion, a PE ratio of 15.87 and a beta of 1.55.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its earnings results on Friday, April 21st. The business services provider reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Interpublic Group of Companies, Inc. (The) had a return on equity of 29.00% and a net margin of 7.95%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. The business’s revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Interpublic Group of Companies, Inc. will post $1.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 19th. Investors of record on Monday, June 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, June 1st. This represents a $0.72 annualized dividend and a yield of 2.95%. Interpublic Group of Companies, Inc. (The)’s payout ratio is 47.06%.

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IPG has been the topic of several recent research reports. Jefferies Group LLC reissued a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, May 22nd. Royal Bank Of Canada set a $29.00 price target on Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, June 12th. BMO Capital Markets reissued a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. Bank of America Corporation initiated coverage on Interpublic Group of Companies, Inc. (The) in a research report on Thursday, March 2nd. They set a “buy” rating and a $28.00 price target on the stock. Finally, Zacks Investment Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.92.

About Interpublic Group of Companies, Inc. (The)

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).

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

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