Interpublic Group of Companies, Inc. (The) (IPG) Stake Increased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can grew its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 458,212 shares of the business services provider’s stock after acquiring an additional 41,256 shares during the period. Great West Life Assurance Co. Can owned about 0.12% of Interpublic Group of Companies worth $9,480,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in IPG. Louisiana State Employees Retirement System grew its stake in Interpublic Group of Companies by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the business services provider’s stock worth $603,000 after purchasing an additional 400 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Interpublic Group of Companies by 3.4% in the second quarter. Russell Investments Group Ltd. now owns 235,897 shares of the business services provider’s stock worth $5,803,000 after purchasing an additional 7,787 shares in the last quarter. NGAM Advisors L.P. grew its stake in Interpublic Group of Companies by 15.9% in the second quarter. NGAM Advisors L.P. now owns 164,333 shares of the business services provider’s stock worth $4,043,000 after purchasing an additional 22,521 shares in the last quarter. First Manhattan Co. grew its stake in Interpublic Group of Companies by 2.7% in the second quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock worth $185,000 after purchasing an additional 195 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Interpublic Group of Companies by 62.7% in the second quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock worth $180,000 after purchasing an additional 2,817 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded down $0.11 during mid-day trading on Wednesday, reaching $20.57. The company’s stock had a trading volume of 7,624,000 shares, compared to its average volume of 4,906,016. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. Interpublic Group of Companies, Inc. has a 12 month low of $18.30 and a 12 month high of $25.71. The firm has a market capitalization of $7,890.00, a P/E ratio of 14.99, a P/E/G ratio of 1.28 and a beta of 1.47.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. analysts anticipate that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.18 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.50%. Interpublic Group of Companies’s payout ratio is currently 88.89%.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of Interpublic Group of Companies stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.49% of the company’s stock.

A number of equities analysts recently commented on IPG shares. Royal Bank Of Canada set a $24.00 price target on Interpublic Group of Companies and gave the stock a “hold” rating in a research note on Tuesday, August 29th. BMO Capital Markets decreased their price target on Interpublic Group of Companies from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. TheStreet downgraded Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research note on Wednesday, November 22nd. Citigroup upgraded Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Zacks Investment Research downgraded Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.77.

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Interpublic Group of Companies 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).

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

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