People s United Financial Inc. Purchases New Stake in Interpublic Group of Companies, Inc. (The) (IPG)

People s United Financial Inc. purchased a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,278 shares of the business services provider’s stock, valued at approximately $352,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Stanley Laman Group Ltd. lifted its position in Interpublic Group of Companies, Inc. (The) by 0.3% during the 2nd quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock worth $624,000 after acquiring an additional 67 shares during the period. Oppenheimer & Co. Inc. lifted its position in Interpublic Group of Companies, Inc. (The) by 1.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 9,235 shares of the business services provider’s stock worth $227,000 after acquiring an additional 165 shares during the period. First Manhattan Co. lifted its position in Interpublic Group of Companies, Inc. (The) by 2.7% during the 2nd quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock worth $185,000 after acquiring an additional 195 shares during the period. Pacer Advisors Inc. lifted its position in Interpublic Group of Companies, Inc. (The) by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 7,744 shares of the business services provider’s stock worth $190,000 after acquiring an additional 224 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Interpublic Group of Companies, Inc. (The) by 0.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock worth $722,000 after acquiring an additional 225 shares during the period. 97.93% of the stock is owned by institutional investors.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.49% of the company’s stock.

A number of brokerages have commented on IPG. Zacks Investment Research cut Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Friday, September 29th. BidaskClub raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $26.00 price target (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Finally, Pivotal Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $26.00.

Interpublic Group of Companies, Inc. (IPG) opened at 21.12 on Friday. The firm has a market cap of $8.31 billion, a PE ratio of 15.21 and a beta of 1.53. Interpublic Group of Companies, Inc. has a one year low of $19.57 and a one year high of $25.71. The stock has a 50 day moving average price of $20.52 and a 200 day moving average price of $23.11.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.07). Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business earned $0.33 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities research analysts expect that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.41%. The ex

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Stanley Laman Group Ltd. lifted its position in Interpublic Group of Companies, Inc. (The) by 0.3% during the 2nd quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock worth $624,000 after acquiring an additional 67 shares during the period. Oppenheimer & Co. Inc. lifted its position in Interpublic Group of Companies, Inc. (The) by 1.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 9,235 shares of the business services provider’s stock worth $227,000 after acquiring an additional 165 shares during the period. First Manhattan Co. lifted its position in Interpublic Group of Companies, Inc. (The) by 2.7% during the 2nd quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock worth $185,000 after acquiring an additional 195 shares during the period. Pacer Advisors Inc. lifted its position in Interpublic Group of Companies, Inc. (The) by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 7,744 shares of the business services provider’s stock worth $190,000 after acquiring an additional 224 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Interpublic Group of Companies, Inc. (The) by 0.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock worth $722,000 after acquiring an additional 225 shares during the period. 97.93% of the stock is owned by institutional investors.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.49% of the company’s stock.

A number of brokerages have commented on IPG. Zacks Investment Research cut Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Friday, September 29th. BidaskClub raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $26.00 price target (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Finally, Pivotal Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $26.00.

Interpublic Group of Companies, Inc. (IPG) opened at 21.12 on Friday. The firm has a market cap of $8.31 billion, a PE ratio of 15.21 and a beta of 1.53. Interpublic Group of Companies, Inc. has a one year low of $19.57 and a one year high of $25.71. The stock has a 50 day moving average price of $20.52 and a 200 day moving average price of $23.11.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.07). Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business earned $0.33 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities research analysts expect that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is currently 51.80%.

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About Interpublic Group of Companies, Inc. (The)

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, Inc. (The) (NYSE:IPG)

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