Teacher Retirement System of Texas Grows Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Teacher Retirement System of Texas grew its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 549,046 shares of the business services provider’s stock after acquiring an additional 45,863 shares during the quarter. Teacher Retirement System of Texas’ holdings in Interpublic Group of Companies were worth $15,115,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of Interpublic Group of Companies by 145.1% during the first quarter. SG Americas Securities LLC now owns 19,814 shares of the business services provider’s stock valued at $702,000 after acquiring an additional 11,731 shares in the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of Interpublic Group of Companies by 5.9% during the first quarter. Elo Mutual Pension Insurance Co now owns 30,968 shares of the business services provider’s stock valued at $1,098,000 after acquiring an additional 1,712 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of Interpublic Group of Companies by 5.1% during the second quarter. Raymond James Trust N.A. now owns 19,255 shares of the business services provider’s stock valued at $530,000 after acquiring an additional 930 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Interpublic Group of Companies during the first quarter valued at about $1,440,000. Finally, Pitcairn Co. increased its holdings in shares of Interpublic Group of Companies by 6.4% during the first quarter. Pitcairn Co. now owns 26,750 shares of the business services provider’s stock valued at $948,000 after acquiring an additional 1,616 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on IPG. Exane BNP Paribas began coverage on shares of Interpublic Group of Companies in a report on Thursday, August 25th. They issued an “outperform” rating on the stock. StockNews.com began coverage on shares of Interpublic Group of Companies in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Redburn Partners reiterated a “neutral” rating on shares of Interpublic Group of Companies in a report on Thursday, September 8th. Morgan Stanley cut their price target on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 25th. Finally, BNP Paribas began coverage on shares of Interpublic Group of Companies in a report on Thursday, August 25th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.50.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $34.36 on Thursday. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 8.29 and a beta of 1.07. The Interpublic Group of Companies, Inc. has a 12 month low of $25.14 and a 12 month high of $39.98. The firm’s 50 day simple moving average is $29.53 and its 200-day simple moving average is $29.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.04 and a quick ratio of 1.04.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.38%. Interpublic Group of Companies’s payout ratio is 46.03%.

Interpublic Group of Companies Company Profile

(Get Rating)

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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