Northwestern Mutual Investment Management Company LLC Sells 64,027 Shares of Interpublic Group of Companies, Inc. (The) (IPG)

Northwestern Mutual Investment Management Company LLC decreased its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 80.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,352 shares of the business services provider’s stock after selling 64,027 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Interpublic Group of Companies, Inc. (The) were worth $355,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IPG. Nationwide Fund Advisors raised its stake in Interpublic Group of Companies, Inc. (The) by 1.9% during the first quarter. Nationwide Fund Advisors now owns 111,130 shares of the business services provider’s stock valued at $2,730,000 after purchasing an additional 2,028 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Interpublic Group of Companies, Inc. (The) by 41.4% during the first quarter. Russell Investments Group Ltd. now owns 228,110 shares of the business services provider’s stock valued at $5,605,000 after purchasing an additional 66,756 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter valued at $209,000. Commerzbank Aktiengesellschaft FI raised its stake in Interpublic Group of Companies, Inc. (The) by 8.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,736 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 746 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 4.5% during the first quarter. American Century Companies Inc. now owns 107,922 shares of the business services provider’s stock valued at $2,652,000 after purchasing an additional 4,666 shares in the last quarter. 98.01% of the stock is currently owned by institutional investors.

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A number of equities research analysts recently issued reports on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday. Citigroup Inc. raised shares of Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Jefferies Group LLC set a $26.00 target price on shares of Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, August 28th. Royal Bank Of Canada set a $24.00 target price on shares of Interpublic Group of Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 29th. Finally, Pivotal Research raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.00.

Interpublic Group of Companies, Inc. (NYSE IPG) opened at 20.01 on Friday. Interpublic Group of Companies, Inc. has a 12-month low of $19.57 and a 12-month high of $25.71. The stock has a 50 day moving average of $20.66 and a 200-day moving average of $23.47. The company has a market capitalization of $7.87 billion, a PE ratio of 14.41 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.07). The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. Equities analysts expect that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.18 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.72 annualized dividend and a yield of 3.60%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 51.80%.

In related news, SVP Julie Connors sold 5,854 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total value of $142,018.04. Following the sale, the senior vice president now directly owns 10,592 shares in the company, valued at approximately $256,961.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by insiders.

Interpublic Group of Companies, Inc. (The) 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, Inc. (The) (NYSE:IPG)

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