Prudential Financial Inc. Boosts Holdings in Interpublic Group of Companies, Inc. (The) (IPG)

Prudential Financial Inc. lifted its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 595,271 shares of the business services provider’s stock after buying an additional 35,329 shares during the quarter. Prudential Financial Inc. owned 0.15% of Interpublic Group of Companies worth $12,376,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake 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 valued at $111,000 after buying an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. raised its holdings 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 worth $117,000 after purchasing an additional 1,254 shares during the last quarter. Global X Management Co. LLC raised its holdings 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 worth $156,000 after purchasing an additional 847 shares during the last quarter. First Bank & Trust raised its holdings 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 worth $172,000 after purchasing an additional 1,296 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Interpublic Group of Companies by 62.7% during the second quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock worth $180,000 after purchasing an additional 2,817 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Several equities analysts recently issued reports on the company. Credit Suisse Group set a $26.00 price objective on Interpublic Group of Companies and gave the stock a “buy” rating in a report on Wednesday, October 11th. Argus cut Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a report on Tuesday, October 31st. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a report on Friday, September 29th. Zacks Investment Research cut Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $23.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $25.77.

Interpublic Group of Companies, Inc. (IPG) traded down $0.14 during midday 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 12 month low of $18.30 and a 12 month high of $25.71. The firm has a market capitalization of $7,993.68, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm earned $0.31 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. analysts forecast that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.57%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 50.00%.

In other news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.49% of the company’s stock.

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About Interpublic Group of Companies

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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