Interpublic Group of Companies, Inc. (The) (IPG) Shares Sold by BB&T Securities LLC

BB&T Securities LLC cut its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 52.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,212 shares of the business services provider’s stock after selling 29,917 shares during the quarter. BB&T Securities LLC’s holdings in Interpublic Group of Companies were worth $565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its stake in Interpublic Group of Companies by 3.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,823,041 shares of the business services provider’s stock worth $37,902,000 after purchasing an additional 59,771 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Interpublic Group of Companies by 14.0% in the third quarter. Commonwealth Bank of Australia now owns 54,483 shares of the business services provider’s stock valued at $1,128,000 after buying an additional 6,689 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Interpublic Group of Companies by 159.5% in the third quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock valued at $150,730,000 after buying an additional 4,455,788 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in Interpublic Group of Companies in the third quarter valued at $432,000. Finally, Cadence Capital Management LLC lifted its stake in Interpublic Group of Companies by 79.7% in the third quarter. Cadence Capital Management LLC now owns 123,051 shares of the business services provider’s stock valued at $2,558,000 after buying an additional 54,559 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

A number of research firms have issued reports on IPG. Zacks Investment Research upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Morgan Stanley reiterated a “hold” rating on shares of Interpublic Group of Companies in a research note on Monday, October 16th. Wells Fargo & Company reiterated a “buy” rating on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Pivotal Research reiterated a “buy” rating and issued a $23.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $26.00 target price on shares of Interpublic Group of Companies in a research note on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.77.

In other news, Director H John Greeniaus sold 43,479 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.49% of the stock is currently owned by company insiders.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded up $0.03 on Monday, hitting $20.22. The stock had a trading volume of 4,400,300 shares, compared to its average volume of 4,906,647. The firm has a market capitalization of $7,857.67, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.25 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. Interpublic Group of Companies, Inc. has a 52 week low of $18.30 and a 52 week high of $25.71.

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 net margin of 7.43% and a return on equity of 27.38%. Interpublic Group of Companies’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the business posted $0.31 earnings per share. research analysts expect that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

The firm 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 dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 50.00%.

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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).

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

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