Royal London Asset Management Ltd. Sells 6,885 Shares of Interpublic Group of Companies Inc (NYSE:IPG)

Royal London Asset Management Ltd. cut its holdings in Interpublic Group of Companies Inc (NYSE:IPG) by 4.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 158,705 shares of the business services provider’s stock after selling 6,885 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Interpublic Group of Companies were worth $3,578,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IPG. BlackRock Inc. boosted its stake in shares of Interpublic Group of Companies by 21.3% during the first quarter. BlackRock Inc. now owns 50,595,126 shares of the business services provider’s stock valued at $1,063,001,000 after purchasing an additional 8,893,992 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Interpublic Group of Companies by 2.3% during the first quarter. Pzena Investment Management LLC now owns 16,473,776 shares of the business services provider’s stock valued at $346,114,000 after acquiring an additional 374,754 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Interpublic Group of Companies by 20.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 9,475,275 shares of the business services provider’s stock valued at $199,074,000 after acquiring an additional 1,603,251 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Interpublic Group of Companies by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 5,912,918 shares of the business services provider’s stock valued at $121,825,000 after acquiring an additional 479,075 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Interpublic Group of Companies by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,243,313 shares of the business services provider’s stock valued at $66,908,000 after acquiring an additional 41,879 shares in the last quarter. 98.86% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies stock opened at $19.57 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.04. Interpublic Group of Companies Inc has a 12 month low of $19.56 and a 12 month high of $25.10. The stock’s 50 day simple moving average is $22.49 and its two-hundred day simple moving average is $22.37. The firm has a market cap of $8.06 billion, a PE ratio of 10.52, a P/E/G ratio of 2.34 and a beta of 1.06.



Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. Interpublic Group of Companies had a return on equity of 32.03% and a net margin of 6.46%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, equities research analysts forecast that Interpublic Group of Companies Inc will post 1.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Friday, August 30th. Interpublic Group of Companies’s payout ratio is 50.54%.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research report on Wednesday, July 3rd. ValuEngine lowered Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Bank of America upgraded Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research report on Wednesday, July 10th. Finally, BMO Capital Markets lowered their price objective on Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $25.71.

In other news, Director H John Greeniaus sold 44,396 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $23.02, for a total transaction of $1,021,995.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Isor Roth sold 431,594 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $23.08, for a total value of $9,961,189.52. The disclosure for this sale can be found here. Corporate insiders own 1.09% 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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