Interpublic Group of Companies, Inc. (The) (IPG) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 17.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 140,842 shares of the business services provider’s stock after selling 28,756 shares during the period. Public Employees Retirement System of Ohio’s holdings in Interpublic Group of Companies were worth $2,928,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. 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 worth $111,000 after buying an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. grew its holdings in shares of 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 worth $117,000 after buying an additional 1,254 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Interpublic Group of Companies during the second quarter worth $205,000. Pacer Advisors Inc. grew its holdings in shares of Interpublic Group of Companies by 8.1% during the second quarter. Pacer Advisors Inc. now owns 8,368 shares of the business services provider’s stock worth $206,000 after buying an additional 624 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Interpublic Group of Companies by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock worth $224,000 after buying an additional 90 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Morgan Stanley reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a report on Monday, October 16th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Interpublic Group of Companies in a report on Tuesday, October 24th. Pivotal Research reaffirmed a “buy” rating and set a $23.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 24th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 target price on shares of Interpublic Group of Companies in a report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Interpublic Group of Companies has a consensus rating of “Hold” and a consensus target price of $25.77.

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

Shares of Interpublic Group of Companies, Inc. (IPG) opened at $20.16 on Friday. Interpublic Group of Companies, Inc. has a 1-year low of $18.30 and a 1-year high of $25.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $7,915.96, a PE ratio of 14.00, a P/E/G ratio of 1.34 and a beta of 1.47.

Interpublic Group of Companies (NYSE:IPG) last posted 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 period in the previous year, the company earned $0.31 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. research analysts expect that Interpublic Group of Companies, Inc. will post 1.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.57%. Interpublic Group of Companies’s payout ratio is currently 50.00%.

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About Interpublic Group of Companies

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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