25,867 Shares in Interpublic Group of Companies, Inc. (The) (IPG) Purchased by Willingdon Wealth Management

Willingdon Wealth Management purchased a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,867 shares of the business services provider’s stock, valued at approximately $538,000.

Other large investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its stake in Interpublic Group of Companies, Inc. (The) by 755.0% during the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after purchasing an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 35.6% in the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,254 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 15.4% in the second quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 847 shares in the last quarter. First Bank & Trust raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 22.7% in the second quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock valued at $172,000 after acquiring an additional 1,296 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 62.7% in the second quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock valued at $180,000 after acquiring an additional 2,817 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded down $0.14 during trading hours on Tuesday, reaching $18.91. The company had a trading volume of 4,710,400 shares, compared to its average volume of 4,838,253. The stock has a market capitalization of $7,290.00, a price-to-earnings ratio of 13.80, a PEG ratio of 1.18 and a beta of 1.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Interpublic Group of Companies, Inc. has a 52-week low of $18.30 and a 52-week high of $25.71.

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 business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Interpublic Group of Companies, Inc. (The) 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 company earned $0.31 EPS. equities research analysts anticipate that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies, Inc. (The)’s payout ratio is 88.89%.

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Several analysts have recently issued reports on IPG shares. 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. Royal Bank Of Canada set a $24.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 29th. Jefferies Group LLC set a $26.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, August 28th. Credit Suisse Group set a $26.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research cut Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Interpublic Group of Companies, Inc. (The) has a consensus rating of “Hold” and a consensus target price of $25.77.

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 dated Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.49% of the company’s stock.

Interpublic Group of Companies, Inc. (The) Company 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, Inc. (The) (NYSE:IPG)

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