California Public Employees Retirement System Buys 42,555 Shares of Interpublic Group of Companies, Inc. (The) (IPG)

California Public Employees Retirement System increased its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 4.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,113,029 shares of the business services provider’s stock after acquiring an additional 42,555 shares during the quarter. California Public Employees Retirement System owned approximately 0.29% of Interpublic Group of Companies worth $23,140,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IPG. Acrospire Investment Management LLC grew its holdings in shares of Interpublic Group of Companies by 755.0% during the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after buying an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. boosted its position in Interpublic Group of Companies by 35.6% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,254 shares during the last quarter. Global X Management Co. LLC boosted its position in Interpublic Group of Companies by 15.4% during the second quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 847 shares during the last quarter. IFP Advisors Inc boosted its position in Interpublic Group of Companies by 62.7% during the second quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 2,817 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Interpublic Group of Companies during the second quarter valued at $205,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

In related news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (IPG) opened at $20.15 on Thursday. Interpublic Group of Companies, Inc. has a 12-month low of $18.30 and a 12-month high of $25.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $7,923.73, a PE ratio of 14.77, a P/E/G ratio of 1.34 and a beta of 1.47.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $0.31 EPS. Interpublic Group of Companies’s revenue for the quarter was down 1.0% on a year-over-year basis. analysts forecast that Interpublic Group of Companies, Inc. will post 1.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.18 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.57%. Interpublic Group of Companies’s dividend payout ratio is presently 50.00%.

A number of analysts recently issued reports on IPG shares. Royal Bank of Canada set a $24.00 price objective on Interpublic Group of Companies and gave the company a “hold” rating in a research report on Tuesday, August 29th. Jefferies Group set a $26.00 price objective on Interpublic Group of Companies and gave the company a “buy” rating in a research report on Monday, August 28th. Citigroup raised Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. BMO Capital Markets reissued a “buy” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a research report on Wednesday, September 13th. Finally, Zacks Investment Research raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.77.

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Interpublic Group of Companies 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 (NYSE:IPG)

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