Russell Investments Group Ltd. Has $14.06 Million Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Russell Investments Group Ltd. trimmed its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) by 22.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 395,006 shares of the business services provider’s stock after selling 114,161 shares during the period. Russell Investments Group Ltd. owned about 0.10% of Interpublic Group of Companies worth $14,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JB Capital LLC grew its stake in Interpublic Group of Companies by 11.5% in the fourth quarter. JB Capital LLC now owns 50,100 shares of the business services provider’s stock valued at $1,876,000 after acquiring an additional 5,175 shares during the period. DNB Asset Management AS boosted its position in shares of Interpublic Group of Companies by 3.1% during the first quarter. DNB Asset Management AS now owns 103,468 shares of the business services provider’s stock worth $3,668,000 after buying an additional 3,115 shares during the period. SG Americas Securities LLC boosted its position 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 worth $702,000 after buying an additional 11,731 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Interpublic Group of Companies by 11.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,759,818 shares of the business services provider’s stock worth $103,355,000 after buying an additional 283,544 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of Interpublic Group of Companies by 4.2% during the fourth quarter. CIBC Asset Management Inc now owns 36,633 shares of the business services provider’s stock worth $1,372,000 after buying an additional 1,488 shares during the period. 99.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Interpublic Group of Companies

In other news, Director Dawn E. Hudson sold 18,376 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $32.45, for a total transaction of $596,301.20. Following the sale, the director now directly owns 32,880 shares of the company’s stock, valued at approximately $1,066,956. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $29.57 on Friday. The firm has a market cap of $11.56 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 9.44 and a beta of 1.03. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83. The Interpublic Group of Companies, Inc. has a 1-year low of $26.36 and a 1-year high of $39.98. The business’s 50 day moving average is $28.95 and its 200-day moving average is $32.71.

Interpublic Group of Companies (NYSE:IPGGet Rating) last announced its earnings results on Thursday, July 21st. The business services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.33 billion. Interpublic Group of Companies had a return on equity of 29.37% and a net margin of 9.16%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. Equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.71 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.16 dividend on an annualized basis and a yield of 3.92%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.77%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup reduced their price objective on Interpublic Group of Companies from $43.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Macquarie cut Interpublic Group of Companies from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 23rd. JPMorgan Chase & Co. reduced their price target on Interpublic Group of Companies from $45.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Morgan Stanley reduced their price target on Interpublic Group of Companies from $40.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, June 10th. Finally, Wells Fargo & Company increased their price target on Interpublic Group of Companies to $36.00 in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.56.

Interpublic Group of Companies Company Profile

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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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