NWQ Investment Management Company LLC Has $35.56 Million Position in Interpublic Group of Companies, Inc. (The) (IPG)

NWQ Investment Management Company LLC decreased its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 13.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,710,295 shares of the business services provider’s stock after selling 266,438 shares during the quarter. NWQ Investment Management Company LLC owned approximately 0.44% of Interpublic Group of Companies worth $35,557,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IPG. Vanguard Group Inc. grew its position in shares of Interpublic Group of Companies by 1.1% during the second quarter. Vanguard Group Inc. now owns 39,967,140 shares of the business services provider’s stock worth $983,192,000 after purchasing an additional 419,048 shares in the last quarter. BlackRock Inc. grew its holdings in Interpublic Group of Companies by 2.7% during the 2nd quarter. BlackRock Inc. now owns 36,204,064 shares of the business services provider’s stock valued at $890,619,000 after buying an additional 936,771 shares in the last quarter. Boston Partners grew its holdings in Interpublic Group of Companies by 1.7% during the 2nd quarter. Boston Partners now owns 21,969,850 shares of the business services provider’s stock valued at $540,459,000 after buying an additional 376,427 shares in the last quarter. Voya Investment Management LLC grew its holdings in Interpublic Group of Companies by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 9,175,028 shares of the business services provider’s stock valued at $225,706,000 after buying an additional 1,177,667 shares in the last quarter. Finally, Pzena Investment Management LLC grew its holdings in Interpublic Group of Companies by 0.3% during the 3rd quarter. Pzena Investment Management LLC now owns 8,964,724 shares of the business services provider’s stock valued at $186,377,000 after buying an additional 23,799 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the company. Credit Suisse Group set a $26.00 price target on Interpublic Group of Companies and gave the company a “buy” rating in a report on Wednesday, October 11th. Argus lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Tuesday, October 31st. Royal Bank of Canada reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a research note on Friday, September 29th. Zacks Investment Research lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Pivotal Research reissued a “buy” rating and set a $23.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.77.

In related news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded down $0.21 during trading on Friday, reaching $20.16. The company’s stock had a trading volume of 2,473,669 shares, compared to its average volume of 4,183,475. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock has a market cap of $7,915.96, a P/E ratio of 14.00, a PEG ratio of 1.34 and a beta of 1.47. Interpublic Group of Companies, Inc. has a twelve month low of $18.30 and a twelve month high of $25.71.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The company had revenue of $1.90 billion during 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%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. analysts expect that Interpublic Group of Companies, Inc. will post 1.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors 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 yield of 3.57%. Interpublic Group of Companies’s payout ratio is 50.00%.

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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).

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

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