NorthCoast Asset Management LLC Buys New Position in Interpublic Group of Companies, Inc. (The) (IPG)

NorthCoast Asset Management LLC bought a new stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 70,826 shares of the business services provider’s stock, valued at approximately $1,472,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its stake in shares of Interpublic Group of Companies by 755.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 3,979 shares during the period. Capstone Investment Advisors Netherlands B.V. lifted its stake in shares of Interpublic Group of Companies by 35.6% in the 2nd 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 period. Global X Management Co. LLC lifted its stake in shares of Interpublic Group of Companies by 15.4% in the 2nd 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 period. First Bank & Trust lifted its stake in shares of Interpublic Group of Companies by 22.7% in the 2nd quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 1,296 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Interpublic Group of Companies by 62.7% in the 2nd 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 period. Institutional investors own 97.93% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (IPG) opened at $18.73 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Interpublic Group of Companies, Inc. has a fifty-two week low of $18.30 and a fifty-two week high of $25.71. The company has a market capitalization of $7,278.65, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm earned $0.31 EPS. The business’s revenue was down 1.0% on a year-over-year basis. sell-side analysts expect that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Thursday, November 30th. Interpublic Group of Companies’s payout ratio is currently 50.00%.

In related news, Director H John Greeniaus sold 43,479 shares of Interpublic Group of Companies stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.49% of the company’s stock.

IPG has been the subject of a number of recent research reports. BidaskClub cut Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Credit Suisse Group set a $26.00 price objective on Interpublic Group of Companies and gave the company a “buy” rating in a research note on Wednesday, October 11th. Morgan Stanley reiterated a “hold” rating on shares of Interpublic Group of Companies in a research note on Monday, October 16th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Interpublic Group of Companies in a research note on Friday, September 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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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