Interpublic Group of Companies Inc (IPG) Holdings Trimmed by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Interpublic Group of Companies Inc (NYSE:IPG) by 61.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 305,564 shares of the business services provider’s stock after selling 491,970 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Interpublic Group of Companies worth $6,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NuWave Investment Management LLC boosted its stake in Interpublic Group of Companies by 117.3% in the third quarter. NuWave Investment Management LLC now owns 5,654 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 3,052 shares in the last quarter. Lourd Capital LLC acquired a new stake in Interpublic Group of Companies in the third quarter valued at approximately $203,000. Round Table Services LLC acquired a new stake in Interpublic Group of Companies in the third quarter valued at approximately $203,000. Bessemer Group Inc. boosted its stake in Interpublic Group of Companies by 242.7% in the third quarter. Bessemer Group Inc. now owns 9,647 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 6,832 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Interpublic Group of Companies in the second quarter valued at approximately $283,000. Institutional investors own 99.66% of the company’s stock.

NYSE IPG opened at $22.64 on Friday. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.78 and a beta of 1.07. Interpublic Group of Companies Inc has a 12-month low of $18.99 and a 12-month high of $26.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.24 and a quick ratio of 1.24.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Friday, October 19th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Interpublic Group of Companies had a net margin of 6.62% and a return on equity of 30.99%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. As a group, equities analysts anticipate that Interpublic Group of Companies Inc will post 1.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $0.21 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.71%. Interpublic Group of Companies’s dividend payout ratio is currently 59.57%.

In related news, Director Jocelyn Carter-Miller sold 8,735 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $23.24, for a total transaction of $203,001.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H John Greeniaus sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $23.50, for a total transaction of $117,500.00. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.

Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. BMO Capital Markets raised their target price on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, October 24th. Citigroup raised their price target on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 19th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 price target on shares of Interpublic Group of Companies in a report on Monday, October 15th. Finally, JPMorgan Chase & Co. started coverage on shares of Interpublic Group of Companies in a report on Thursday, October 11th. They issued an “overweight” rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $25.44.

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Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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