Caisse DE Depot ET Placement DU Quebec Trims Holdings in Interpublic Group of Companies Inc (IPG)

Caisse DE Depot ET Placement DU Quebec reduced its stake in Interpublic Group of Companies Inc (NYSE:IPG) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 40,768 shares of the business services provider’s stock after selling 3,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Interpublic Group of Companies were worth $956,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC bought a new stake in Interpublic Group of Companies in the 1st quarter valued at $110,000. NYL Investors LLC bought a new stake in Interpublic Group of Companies in the 1st quarter valued at $175,000. LifePlan Financial Group Inc bought a new stake in Interpublic Group of Companies in the 2nd quarter valued at $187,000. Chicago Equity Partners LLC bought a new stake in Interpublic Group of Companies in the 1st quarter valued at $200,000. Finally, Franklin Resources Inc. bought a new stake in Interpublic Group of Companies in the 1st quarter valued at $203,000. Institutional investors own 99.77% of the company’s stock.

In related news, CFO Frank Mergenthaler sold 50,000 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $22.46, for a total transaction of $1,123,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.49% of the company’s stock.

Interpublic Group of Companies stock opened at $22.71 on Monday. Interpublic Group of Companies Inc has a twelve month low of $18.30 and a twelve month high of $26.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $8.75 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, July 24th. The business services provider reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. Interpublic Group of Companies had a net margin of 6.75% and a return on equity of 28.53%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. equities analysts forecast that Interpublic Group of Companies Inc will post 1.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be issued a $0.21 dividend. The ex-dividend date is Friday, August 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.70%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 59.57%.

IPG has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, May 30th. ValuEngine upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Pivotal Research reduced their price target on shares of Interpublic Group of Companies from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, July 3rd. Finally, Moffett Nathanson started coverage on shares of Interpublic Group of Companies in a report on Tuesday, June 19th. They issued a “neutral” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.10.

Interpublic Group of Companies Company Profile

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.

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

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