Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Holdings Boosted by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC increased its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 42.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 376,615 shares of the business services provider’s stock after purchasing an additional 113,010 shares during the quarter. Chartwell Investment Partners LLC owned approximately 0.10% of Interpublic Group of Companies worth $7,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Acrospire Investment Management LLC grew its stake in Interpublic Group of Companies by 755.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. grew its stake in Interpublic Group of Companies by 35.6% during the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,254 shares in the last quarter. Global X Management Co. LLC grew its stake in Interpublic Group of Companies by 15.4% during the 2nd quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 847 shares in the last quarter. First Bank & Trust grew its stake in Interpublic Group of Companies by 22.7% during the 2nd quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock valued at $172,000 after acquiring an additional 1,296 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Interpublic Group of Companies by 62.7% during the 2nd quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock valued at $180,000 after acquiring an additional 2,817 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through this link. Insiders own 1.49% of the company’s stock.

Several equities analysts have weighed in on IPG shares. Jefferies Group set a $26.00 target price on Interpublic Group of Companies and gave the company a “buy” rating in a research note on Monday, August 28th. Pivotal Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, August 14th. BMO Capital Markets reiterated a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Companies in a report on Wednesday, September 13th. Citigroup upgraded Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Credit Suisse Group set a $26.00 price target on Interpublic Group of Companies and gave the company a “buy” rating in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.77.

Shares of Interpublic Group of Companies, Inc. (IPG) traded down $0.14 during mid-day trading on Thursday, hitting $20.19. The stock had a trading volume of 4,873,961 shares, compared to its average volume of 4,908,793. Interpublic Group of Companies, Inc. has a one year low of $18.30 and a one year high of $25.71. The firm has a market capitalization of $7,993.68, a price-to-earnings ratio of 14.91, a PEG ratio of 1.27 and a beta of 1.47. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business 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 firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. equities analysts expect that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio is presently 50.00%.

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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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