Aperio Group LLC Has $4.71 Million Stake in Interpublic Group of Companies, Inc. (The) (IPG)

Aperio Group LLC raised its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 12.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 191,535 shares of the business services provider’s stock after buying an additional 20,828 shares during the period. Aperio Group LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $4,712,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. First Midwest Bank Trust Division raised its position in Interpublic Group of Companies, Inc. (The) by 0.5% in the first quarter. First Midwest Bank Trust Division now owns 10,821 shares of the business services provider’s stock worth $266,000 after buying an additional 50 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Interpublic Group of Companies, Inc. (The) by 1.8% in the first quarter. Oppenheimer & Co. Inc. now owns 9,235 shares of the business services provider’s stock valued at $227,000 after buying an additional 165 shares in the last quarter. Winslow Evans & Crocker Inc. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 0.9% in the first quarter. Winslow Evans & Crocker Inc. now owns 23,100 shares of the business services provider’s stock valued at $568,000 after buying an additional 200 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 2.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 10,392 shares of the business services provider’s stock valued at $239,000 after buying an additional 222 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 3.0% in the first quarter. Pacer Advisors Inc. now owns 7,744 shares of the business services provider’s stock valued at $190,000 after buying an additional 224 shares during the period. Institutional investors own 98.30% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.51 on Friday. The stock has a 50 day moving average of $22.94 and a 200-day moving average of $23.99. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 14.77 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 52-week low of $20.50 and a 52-week high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. Interpublic Group of Companies, Inc. (The)’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, equities research analysts predict that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.51%. Interpublic Group of Companies, Inc. (The)’s payout ratio is currently 51.80%.

WARNING: “Aperio Group LLC Has $4.71 Million Stake in Interpublic Group of Companies, Inc. (The) (IPG)” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.com-unik.info/2017/08/19/aperio-group-llc-has-4-71-million-position-in-interpublic-group-of-companies-inc-the-ipg-updated-updated.html.

Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $26.00 price objective (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. Pivotal Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, August 14th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) presently has an average rating of “Hold” and a consensus target price of $26.07.

In other news, SVP Julie Connors sold 5,854 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total transaction of $142,018.04. Following the completion of the transaction, the senior vice president now directly owns 10,592 shares in the company, valued at approximately $256,961.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.49% of the stock is currently owned by insiders.

Interpublic Group of Companies, Inc. (The) Company Profile

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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