Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,500 shares of the business services provider’s stock after buying an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Interpublic Group of Companies, Inc. (The) were worth $603,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Bank of The West purchased a new stake in shares of Interpublic Group of Companies, Inc. (The) during the first quarter worth $914,000. DnB Asset Management AS boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 9.5% in the first quarter. DnB Asset Management AS now owns 42,800 shares of the business services provider’s stock worth $1,052,000 after buying an additional 3,700 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Interpublic Group of Companies, Inc. (The) during the first quarter worth $285,000. Winslow Evans & Crocker Inc. boosted its stake 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 worth $568,000 after buying an additional 200 shares during the last quarter. Finally, Oakmont Partners LLC purchased a new stake in shares of Interpublic Group of Companies, Inc. (The) during the first quarter worth $917,000. Institutional investors own 98.30% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (IPG) opened at 20.51 on Friday. Interpublic Group of Companies, Inc. has a 12-month low of $20.50 and a 12-month high of $25.71. The stock has a 50 day moving average price of $22.94 and a 200 day moving average price of $23.99. The stock has a market capitalization of $8.07 billion, a P/E ratio of 14.77 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.07. The business 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 net margin of 7.19% and a return on equity of 27.72%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, equities analysts anticipate that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.18 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.51%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is 51.80%.

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IPG has been the subject of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, June 26th. Zacks Investment Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Monday, July 17th. Royal Bank Of Canada cut Interpublic Group of Companies, Inc. (The) from a “top pick” rating to a “sector perform” rating and lowered their target price for the stock from $29.00 to $24.00 in a research note on Wednesday, July 26th. Pivotal Research raised 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 note on Monday, August 14th. Finally, BidaskClub raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.07.

In related news, SVP Julie Connors sold 5,854 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total value 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 $256,961.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.49% of the stock is currently owned by company 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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