Cubist Systematic Strategies LLC Has $1.73 Million Stake in Interpublic Group of Companies, Inc. (The) (IPG)

Cubist Systematic Strategies LLC grew its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 770.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,421 shares of the business services provider’s stock after buying an additional 73,832 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Interpublic Group of Companies were worth $1,734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IPG. Wells Fargo & Company MN grew its stake in shares of Interpublic Group of Companies by 159.5% during the third quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock valued at $150,730,000 after buying an additional 4,455,788 shares during the last quarter. River Road Asset Management LLC bought a new position in shares of Interpublic Group of Companies during the second quarter valued at approximately $49,040,000. Janus Henderson Group PLC grew its stake in shares of Interpublic Group of Companies by 4,195.7% during the second quarter. Janus Henderson Group PLC now owns 1,815,832 shares of the business services provider’s stock valued at $44,669,000 after buying an additional 1,773,561 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Interpublic Group of Companies by 21.3% during the second quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock valued at $210,280,000 after buying an additional 1,503,316 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Interpublic Group of Companies by 34.0% in the third quarter. Bank of New York Mellon Corp now owns 5,683,391 shares of the business services provider’s stock valued at $118,158,000 after purchasing an additional 1,442,288 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Interpublic Group of Companies, Inc. (IPG) opened at $20.46 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $7,842.12, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.33 and a beta of 1.47. Interpublic Group of Companies, Inc. has a twelve month low of $18.30 and a twelve month high of $25.71.

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 for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. equities analysts forecast that Interpublic Group of Companies, Inc. will post 1.39 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.52%. Interpublic Group of Companies’s dividend payout ratio is currently 50.00%.

A number of analysts recently issued reports on the company. Jefferies Group lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet lowered Interpublic Group of Companies from a “b-” rating to a “c+” rating in a report on Wednesday, November 22nd. Argus lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Tuesday, October 31st. Zacks Investment Research lowered Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, BMO Capital Markets lowered their price target on Interpublic Group of Companies from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.77.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.49% of the stock is owned by corporate insiders.

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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).

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

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