Interpublic Group of Companies, Inc. (The) (IPG) Shares Sold by NWQ Investment Management Company LLC

NWQ Investment Management Company LLC trimmed its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 13.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,710,295 shares of the business services provider’s stock after selling 266,438 shares during the period. NWQ Investment Management Company LLC owned approximately 0.44% of Interpublic Group of Companies worth $35,557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC lifted its stake in Interpublic Group of Companies by 755.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 3,979 shares during the period. Capstone Investment Advisors Netherlands B.V. lifted its stake in Interpublic Group of Companies by 35.6% during 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 acquiring an additional 1,254 shares during the period. Global X Management Co. LLC lifted its stake in Interpublic Group of Companies by 15.4% during 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 acquiring an additional 847 shares during the period. IFP Advisors Inc lifted its stake in Interpublic Group of Companies by 62.7% during the 2nd quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock valued at $180,000 after acquiring an additional 2,817 shares during the period. Finally, First Manhattan Co. lifted its stake in Interpublic Group of Companies by 2.7% during the 2nd quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock valued at $185,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Interpublic Group of Companies, Inc. (IPG) traded down $0.24 on Thursday, hitting $20.33. 5,593,500 shares of the company traded hands, compared to its average volume of 4,908,942. 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 1 year low of $18.30 and a 1 year high of $25.71. The firm has a market cap of $7,993.68, a PE ratio of 14.91, a P/E/G ratio of 1.27 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 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The business’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 1.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio is currently 50.00%.

Several brokerages have commented on IPG. Pivotal Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, August 14th. Royal Bank Of Canada restated a “hold” rating on shares of Interpublic Group of Companies in a research note on Friday, September 29th. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Morgan Stanley restated a “hold” rating on shares of Interpublic Group of Companies in a research note on Monday, October 16th. Finally, BMO Capital Markets restated a “buy” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a research note on Wednesday, September 13th. Three investment 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.

In related news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.49% of the company’s stock.

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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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