Interpublic Group of Companies, Inc. (The) (IPG) Stake Raised by Tredje AP fonden

Tredje AP fonden lifted its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 28.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,230 shares of the business services provider’s stock after buying an additional 15,090 shares during the quarter. Tredje AP fonden’s holdings in Interpublic Group of Companies were worth $1,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IPG. Acrospire Investment Management LLC boosted its stake in Interpublic Group of Companies by 755.0% during the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after acquiring an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its stake in shares of Interpublic Group of Companies by 35.6% in the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,254 shares in the last quarter. Global X Management Co. LLC lifted its stake in shares of Interpublic Group of Companies by 15.4% in the second quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock valued at $156,000 after buying an additional 847 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Interpublic Group of Companies by 62.7% in the second quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock valued at $180,000 after buying an additional 2,817 shares in the last quarter. Finally, First Manhattan Co. lifted its stake in shares of Interpublic Group of Companies by 2.7% in the second quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock valued at $185,000 after buying an additional 195 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE IPG) opened at $20.19 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. 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 cap of $7,900.41, a PE ratio of 14.73, a P/E/G ratio of 1.26 and a beta of 1.47.

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 analysts’ consensus estimates of $0.33 by ($0.02). Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. research analysts predict that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 of this dividend is Thursday, November 30th. Interpublic Group of Companies’s payout ratio is currently 50.00%.

In related news, Director H John Greeniaus sold 43,479 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were 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 SEC, which can be accessed through this hyperlink. 1.49% of the stock is owned by company insiders.

IPG has been the topic of a number of recent research reports. Credit Suisse Group set a $26.00 price objective on shares of Interpublic Group of Companies and gave the company a “buy” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada set a $24.00 price objective on shares of Interpublic Group of Companies and gave the company a “hold” rating in a research note on Tuesday, August 29th. Citigroup raised shares of Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Argus lowered shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research note on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.77.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/08/interpublic-group-of-companies-inc-the-ipg-stake-raised-by-tredje-ap-fonden.html.

Interpublic Group of Companies Company 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).

Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interpublic Group of Companies, Inc. (The) (NYSE:IPG).

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

Receive News & Ratings for Interpublic Group of Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply