Interpublic Group of Companies Inc (IPG) Position Raised by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its holdings in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 237.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 53,363 shares of the business services provider’s stock after acquiring an additional 37,563 shares during the period. Cubist Systematic Strategies LLC’s holdings in Interpublic Group of Companies were worth $1,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IPG. Natixis bought a new position in shares of Interpublic Group of Companies in the second quarter valued at approximately $939,000. Flinton Capital Management LLC lifted its holdings in shares of Interpublic Group of Companies by 84.2% in the second quarter. Flinton Capital Management LLC now owns 195,524 shares of the business services provider’s stock valued at $4,583,000 after purchasing an additional 89,348 shares in the last quarter. Twin Capital Management Inc. lifted its holdings in shares of Interpublic Group of Companies by 32.4% in the second quarter. Twin Capital Management Inc. now owns 135,182 shares of the business services provider’s stock valued at $3,169,000 after purchasing an additional 33,092 shares in the last quarter. Glen Harbor Capital Management LLC lifted its holdings in shares of Interpublic Group of Companies by 84.2% in the second quarter. Glen Harbor Capital Management LLC now owns 111,728 shares of the business services provider’s stock valued at $2,619,000 after purchasing an additional 51,056 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in shares of Interpublic Group of Companies by 14.4% in the second quarter. OppenheimerFunds Inc. now owns 35,099 shares of the business services provider’s stock valued at $823,000 after purchasing an additional 4,427 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on IPG shares. Zacks Investment Research lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Monday, May 28th. ValuEngine lowered Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Moffett Nathanson started coverage on Interpublic Group of Companies in a report on Tuesday, June 19th. They set a “neutral” rating and a $23.00 price target on the stock. Pivotal Research dropped their price target on 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, Royal Bank of Canada upgraded Interpublic Group of Companies from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.10.

Shares of Interpublic Group of Companies stock opened at $22.54 on Tuesday. The firm has a market cap of $8.75 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. Interpublic Group of Companies Inc has a 12 month low of $18.30 and a 12 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.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th will be paid a $0.21 dividend. The ex-dividend date is Friday, August 31st. This represents a $0.84 annualized dividend and a dividend yield of 3.73%. Interpublic Group of Companies’s payout ratio is presently 59.57%.

In other Interpublic Group of Companies news, CFO Frank Mergenthaler sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $22.46, for a total value of $1,123,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.49% of the company’s stock.

Interpublic Group of Companies 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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