Interpublic Group of Companies, Inc. (The) (IPG) Position Lowered by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC reduced its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 17.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,779 shares of the business services provider’s stock after selling 3,173 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $364,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock worth $135,000 after buying an additional 331 shares during the period. Global X Management Co. LLC boosted its stake in Interpublic Group of Companies, Inc. (The) by 29.9% in the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after buying an additional 1,266 shares during the period. Exane Derivatives boosted its stake in Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after buying an additional 3,631 shares during the period. First Bank & Trust acquired a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter worth approximately $140,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Interpublic Group of Companies, Inc. (The) by 120.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,285 shares of the business services provider’s stock worth $179,000 after buying an additional 3,973 shares during the period. Institutional investors and hedge funds own 98.30% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 21.06 on Thursday. The stock has a market cap of $8.28 billion, a P/E ratio of 15.16 and a beta of 1.53. The stock has a 50 day moving average price of $23.19 and a 200-day moving average price of $24.04. Interpublic Group of Companies, Inc. has a 12 month low of $20.65 and a 12 month high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is 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 analysts have recently commented on IPG shares. Jefferies Group LLC restated a “buy” rating and issued a $27.00 price objective 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 objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, June 12th. Zacks Investment Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Monday, July 17th. BidaskClub raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Argus decreased their price target on Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.07.

In other news, SVP Julie Connors sold 5,854 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total transaction of $142,018.04. Following the completion of the sale, the senior vice president now owns 10,592 shares of the company’s stock, valued at $256,961.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.49% of the company’s stock.

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).

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

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