Dynamic Technology Lab Private Ltd Purchases Shares of 50,555 Interpublic Group of Companies Inc (IPG)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Interpublic Group of Companies Inc (NYSE:IPG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,555 shares of the business services provider’s stock, valued at approximately $1,165,000.

Several other large investors have also added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its position in shares of Interpublic Group of Companies by 12.6% during the 1st quarter. Suntrust Banks Inc. now owns 143,368 shares of the business services provider’s stock worth $3,300,000 after acquiring an additional 16,063 shares in the last quarter. Vestpro Financial Partners Inc. dba CPF Texas boosted its position in shares of Interpublic Group of Companies by 283.6% during the 1st quarter. Vestpro Financial Partners Inc. dba CPF Texas now owns 84,766 shares of the business services provider’s stock worth $1,952,000 after acquiring an additional 62,669 shares in the last quarter. Trilogy Capital Inc. acquired a new position in shares of Interpublic Group of Companies during the 1st quarter worth about $756,000. Amalgamated Bank boosted its position in shares of Interpublic Group of Companies by 5.2% during the 1st quarter. Amalgamated Bank now owns 87,463 shares of the business services provider’s stock worth $2,014,000 after acquiring an additional 4,353 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new position in shares of Interpublic Group of Companies during the 1st quarter worth about $488,000. 99.46% of the stock is owned by institutional investors and hedge funds.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 33,573 shares of the stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $24.15, for a total transaction of $810,787.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Guilfoile sold 8,392 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $24.04, for a total value of $201,743.68. The disclosure for this sale can be found here. 1.49% of the stock is owned by corporate insiders.

Shares of Interpublic Group of Companies opened at $23.91 on Monday, according to Marketbeat.com. The stock has a market capitalization of $9.08 billion, a P/E ratio of 16.96, a PEG ratio of 1.83 and a beta of 1.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.60. Interpublic Group of Companies Inc has a 52-week low of $18.30 and a 52-week high of $26.01.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Friday, April 27th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. Interpublic Group of Companies had a net margin of 6.55% and a return on equity of 26.05%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. research analysts forecast that Interpublic Group of Companies Inc will post 1.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 4th were given a $0.21 dividend. The ex-dividend date was Friday, June 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.51%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 59.57%.

IPG has been the subject of several analyst reports. Atlantic Securities raised Interpublic Group of Companies from an “underweight” rating to a “neutral” rating in a research report on Friday, March 2nd. Pivotal Research lowered their price objective on Interpublic Group of Companies from $26.00 to $25.00 and set a “hold” rating for the company in a research report on Tuesday, April 3rd. Wells Fargo & Co reaffirmed a “hold” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a research report on Monday, April 30th. Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, May 16th. Finally, ValuEngine cut Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.50.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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