Sei Investments Co. Has $13.80 Million Position in Interpublic Group of Companies, Inc. (The) (IPG)

Sei Investments Co. reduced its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 10.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 663,961 shares of the business services provider’s stock after selling 75,144 shares during the quarter. Sei Investments Co. owned approximately 0.17% of Interpublic Group of Companies, Inc. (The) worth $13,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of IPG. Thrivent Financial For Lutherans lifted its stake in shares of Interpublic Group of Companies, Inc. (The) by 4.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 14,487 shares of the business services provider’s stock worth $356,000 after purchasing an additional 680 shares during the last quarter. Bank of Montreal Can raised its stake in Interpublic Group of Companies, Inc. (The) by 51.4% in the second quarter. Bank of Montreal Can now owns 236,636 shares of the business services provider’s stock valued at $5,823,000 after buying an additional 80,335 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Interpublic Group of Companies, Inc. (The) by 14.1% in the second quarter. State of Alaska Department of Revenue now owns 9,523 shares of the business services provider’s stock valued at $234,000 after buying an additional 1,175 shares during the last quarter. National Pension Service raised its stake in Interpublic Group of Companies, Inc. (The) by 9.7% in the second quarter. National Pension Service now owns 472,578 shares of the business services provider’s stock valued at $11,673,000 after buying an additional 41,914 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 0.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 341,114 shares of the business services provider’s stock valued at $8,391,000 after buying an additional 1,857 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

In other Interpublic Group of Companies, Inc. (The) news, Director H John Greeniaus sold 43,479 shares of the firm’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 document filed with the SEC, which is available through this hyperlink. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by company insiders.

IPG has been the subject of several research analyst reports. Citigroup Inc. upgraded Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Jefferies Group LLC set a $26.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, August 28th. Pivotal Research upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, August 14th. Argus reduced their price objective on Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th. Finally, BMO Capital Markets restated a “buy” rating and issued a $26.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Interpublic Group of Companies, Inc. (The) has an average rating of “Hold” and a consensus price target of $25.77.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at $18.66 on Friday. The company has a market capitalization of $7,171.77, a PE ratio of 13.37, a P/E/G ratio of 1.14 and a beta of 1.46. Interpublic Group of Companies, Inc. has a 1-year low of $18.30 and a 1-year high of $25.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.38% and a net margin of 7.43%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. analysts predict that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is 50.00%.

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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).

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Institutional Ownership by Quarter for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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