Interpublic Group of Companies, Inc. (The) (IPG) Stake Lessened by SkyBridge Capital II LLC

SkyBridge Capital II LLC decreased its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,468 shares of the business services provider’s stock after selling 98,077 shares during the quarter. Interpublic Group of Companies makes up approximately 2.8% of SkyBridge Capital II LLC’s portfolio, making the stock its 25th largest position. SkyBridge Capital II LLC owned about 0.12% of Interpublic Group of Companies worth $9,573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMP Capital Investors Ltd grew its stake in shares of Interpublic Group of Companies by 80.3% in the 3rd quarter. AMP Capital Investors Ltd now owns 205,076 shares of the business services provider’s stock worth $4,265,000 after acquiring an additional 91,355 shares in the last quarter. Santa Barbara Asset Management LLC grew its stake in shares of Interpublic Group of Companies by 13.9% in the 3rd quarter. Santa Barbara Asset Management LLC now owns 4,137,922 shares of the business services provider’s stock worth $86,027,000 after acquiring an additional 505,254 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Interpublic Group of Companies by 17.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 58,478 shares of the business services provider’s stock worth $1,216,000 after acquiring an additional 8,684 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in shares of Interpublic Group of Companies in the 3rd quarter worth $539,000. Finally, Tredje AP fonden grew its stake in shares of Interpublic Group of Companies by 28.4% in the 3rd quarter. Tredje AP fonden now owns 68,230 shares of the business services provider’s stock worth $1,419,000 after acquiring an additional 15,090 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

IPG has been the subject of several recent analyst reports. Royal Bank Of Canada set a $24.00 target price on shares of Interpublic Group of Companies and gave the stock a “hold” rating in a research note on Tuesday, August 29th. BMO Capital Markets reduced their target price on shares of Interpublic Group of Companies from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. TheStreet lowered shares of Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research report on Wednesday, November 22nd. Citigroup upgraded shares of Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, Zacks Investment Research lowered shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.77.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.49% of the stock is owned by corporate insiders.

Interpublic Group of Companies, Inc. (IPG) traded down $0.11 on Wednesday, reaching $20.57. 7,624,000 shares of the company traded hands, compared to its average volume of 4,906,016. The company has a market capitalization of $7,890.00, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.28 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. Interpublic Group of Companies, Inc. has a one year low of $18.30 and a one year high of $25.71.

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

The firm 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 yield of 3.50%. The ex-dividend date is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 88.89%.

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Interpublic Group of Companies 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).

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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