Interpublic Group of Companies, Inc. (The) (IPG) Shares Sold by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. reduced its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 32.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,723 shares of the business services provider’s stock after selling 8,338 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Interpublic Group of Companies were worth $369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its position in Interpublic Group of Companies by 2.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,763,270 shares of the business services provider’s stock worth $43,377,000 after acquiring an additional 46,136 shares in the last quarter. Blair William & Co. IL acquired a new position in Interpublic Group of Companies during the 2nd quarter worth approximately $707,000. GAM Holding AG lifted its position in Interpublic Group of Companies by 28.9% during the 2nd quarter. GAM Holding AG now owns 45,969 shares of the business services provider’s stock worth $1,131,000 after acquiring an additional 10,310 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Interpublic Group of Companies by 1.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,203,171 shares of the business services provider’s stock worth $29,598,000 after acquiring an additional 17,172 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Interpublic Group of Companies by 1.3% during the 2nd quarter. Prudential Financial Inc. now owns 559,942 shares of the business services provider’s stock worth $13,775,000 after acquiring an additional 6,963 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Interpublic Group of Companies, Inc. (IPG) opened at $20.26 on Thursday. Interpublic Group of Companies, Inc. has a twelve month low of $18.30 and a twelve month high of $25.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $7,860.00, a P/E ratio of 25.01, a PEG ratio of 1.34 and a beta of 1.47.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $0.31 earnings per share. Interpublic Group of Companies’s revenue was down 1.0% compared to the same quarter last year. sell-side analysts predict that Interpublic Group of Companies, Inc. will post 1.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.55%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 88.89%.

Several equities analysts recently commented on the company. Royal Bank of Canada reissued a “hold” rating on shares of Interpublic Group of Companies in a research report on Friday, September 29th. Pivotal Research reissued a “buy” rating and set a $23.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th. Zacks Investment Research raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BMO Capital Markets reissued a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Companies in a research report on Wednesday, September 13th. Finally, Morgan Stanley reissued a “hold” rating on shares of Interpublic Group of Companies in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Interpublic Group of Companies presently has an average rating of “Hold” and a consensus target price of $25.77.

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Interpublic Group of Companies 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).

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

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