Sei Investments Co. Has $13.28 Million Stock Holdings in Interpublic Group of Companies Inc (NYSE:IPG)

Sei Investments Co. grew its position in Interpublic Group of Companies Inc (NYSE:IPG) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 773,517 shares of the business services provider’s stock after purchasing an additional 52,183 shares during the period. Sei Investments Co. owned about 0.20% of Interpublic Group of Companies worth $13,284,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IPG. FMR LLC grew its stake in shares of Interpublic Group of Companies by 14.7% in the second quarter. FMR LLC now owns 43,892,635 shares of the business services provider’s stock worth $753,198,000 after purchasing an additional 5,633,544 shares during the last quarter. State Street Corp raised its holdings in Interpublic Group of Companies by 6.3% in the 1st quarter. State Street Corp now owns 20,043,088 shares of the business services provider’s stock worth $324,498,000 after acquiring an additional 1,194,224 shares during the last quarter. Black Creek Investment Management Inc. boosted its position in shares of Interpublic Group of Companies by 4.6% during the second quarter. Black Creek Investment Management Inc. now owns 17,288,221 shares of the business services provider’s stock valued at $296,666,000 after buying an additional 757,909 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Interpublic Group of Companies by 13.4% during the second quarter. Victory Capital Management Inc. now owns 9,973,482 shares of the business services provider’s stock valued at $171,146,000 after purchasing an additional 1,174,774 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Interpublic Group of Companies by 3.4% during the 1st quarter. Geode Capital Management LLC now owns 6,633,777 shares of the business services provider’s stock valued at $107,347,000 after buying an additional 217,789 shares during the period. 98.58% of the stock is currently owned by institutional investors.

Interpublic Group of Companies stock opened at $18.22 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $7.04 billion, a PE ratio of 15.70, a P/E/G ratio of 10.41 and a beta of 0.98. The company has a 50 day moving average price of $18.19 and a 200-day moving average price of $17.19. Interpublic Group of Companies Inc has a fifty-two week low of $11.63 and a fifty-two week high of $25.20.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, July 29th. The business services provider reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. Interpublic Group of Companies had a return on equity of 25.72% and a net margin of 4.66%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company posted $0.57 EPS. Interpublic Group of Companies’s revenue was down 12.8% on a year-over-year basis. On average, analysts forecast that Interpublic Group of Companies Inc will post 1.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.02 annualized dividend and a dividend yield of 5.60%. Interpublic Group of Companies’s payout ratio is currently 52.85%.

Separately, Wolfe Research started coverage on shares of Interpublic Group of Companies in a report on Thursday, July 23rd. They set a “market perform” rating and a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.00.

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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