Rhumbline Advisers Has $16.13 Million Stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Rhumbline Advisers cut its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,019 shares of the business services provider’s stock after selling 8,103 shares during the period. Rhumbline Advisers owned about 0.20% of Interpublic Group of Companies worth $16,133,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its holdings in shares of Interpublic Group of Companies by 755.0% in the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after acquiring an additional 3,979 shares during the period. Capstone Investment Advisors Netherlands B.V. raised its position in 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 valued at $117,000 after purchasing an additional 1,254 shares in the last quarter. Global X Management Co. LLC raised its position in Interpublic Group of Companies by 15.4% during the second 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 in the last quarter. First Bank & Trust raised its position in Interpublic Group of Companies by 22.7% during the second 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 in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Interpublic Group of Companies by 62.7% in the second quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock worth $180,000 after buying an additional 2,817 shares during the period. 99.97% of the stock is owned by institutional investors.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded down $0.14 during trading hours on Thursday, reaching $20.19. 4,873,961 shares of the company’s stock traded hands, compared to its average volume of 4,908,793. The firm has a market cap of $7,993.68, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47. Interpublic Group of Companies, Inc. has a 12 month low of $18.30 and a 12 month high of $25.71. 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 (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.96 billion. Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. sell-side analysts anticipate that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.18 per share. The ex-dividend date is 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%.

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 value of $826,101.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.49% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on the company. Zacks Investment Research raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Credit Suisse Group set a $26.00 target price on shares of Interpublic Group of Companies and gave the stock a “buy” rating in a report on Wednesday, October 11th. Morgan Stanley reissued a “hold” rating on shares of Interpublic Group of Companies in a report on Monday, October 16th. Royal Bank Of Canada restated a “hold” rating on shares of Interpublic Group of Companies in a research report on Friday, September 29th. Finally, Pivotal Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus 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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