Today: 2,300 Shares of Interpublic Group of Cos. (IPG) are sold by Daiwa Securities Group Inc.

Today: 2,300 Shares of Interpublic Group of Cos. (IPG) are sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. decreased its position in shares of Interpublic Group of Cos. (NYSE:IPG) by 1.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,500 shares of the company’s stock after selling 2,300 shares during the period. Daiwa Securities Group Inc.’s holdings in Interpublic Group of Cos. were worth $3,788,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Washington Trust Bank boosted its stake in shares of Interpublic Group of Cos. by 495.3% in the second quarter. Washington Trust Bank now owns 4,465 shares of the company’s stock worth $103,000 after buying an additional 3,715 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Interpublic Group of Cos. by 1.1% in the second quarter. Signaturefd LLC now owns 4,490 shares of the company’s stock worth $104,000 after buying an additional 50 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Interpublic Group of Cos. by 2.8% in the second quarter. Quadrant Capital Group LLC now owns 4,961 shares of the company’s stock worth $113,000 after buying an additional 133 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Interpublic Group of Cos. by 5,388.3% in the third quarter. Cornerstone Advisors Inc. now owns 5,159 shares of the company’s stock worth $115,000 after buying an additional 5,065 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in shares of Interpublic Group of Cos. by 99.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 5,239 shares of the company’s stock worth $121,000 after buying an additional 2,608 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Interpublic Group of Cos. (NYSE:IPG) traded up 0.24% during trading on Monday, hitting $24.65. 1,022,566 shares of the company traded hands. Interpublic Group of Cos. has a 52 week low of $19.79 and a 52 week high of $24.82. The company’s 50 day moving average is $22.71 and its 200-day moving average is $23.09. The stock has a market capitalization of $9.79 billion, a PE ratio of 18.44 and a beta of 1.59.

Interpublic Group of Cos. (NYSE:IPG) last announced its earnings results on Friday, October 21st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company earned $1.92 billion during the quarter, compared to analyst estimates of $1.91 billion. Interpublic Group of Cos. had a net margin of 7.09% and a return on equity of 26.70%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. Analysts predict that Interpublic Group of Cos. will post $1.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 annualized dividend and a yield of 2.44%. Interpublic Group of Cos.’s dividend payout ratio (DPR) is 44.78%.

A number of brokerages recently commented on IPG. Credit Suisse Group AG began coverage on shares of Interpublic Group of Cos. in a research note on Thursday, September 15th. They set an “outperform” rating and a $27.00 price target on the stock. Jefferies Group restated a “buy” rating on shares of Interpublic Group of Cos. in a research note on Monday, August 22nd. Albert Fried & Company reiterated a “hold” rating and issued a $23.00 target price on shares of Interpublic Group of Cos. in a research note on Thursday, October 27th. Royal Bank Of Canada assumed coverage on shares of Interpublic Group of Cos. in a research note on Friday, October 7th. They issued a “top pick” rating and a $27.00 target price on the stock. Finally, RBC Capital Markets assumed coverage on shares of Interpublic Group of Cos. in a research note on Thursday, October 6th. They issued a “top pick” rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $26.50.

In other Interpublic Group of Cos. news, SVP Ellen Tobi Johnson sold 35,765 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $22.69, for a total value of $811,507.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.75% of the company’s stock.

Interpublic Group of Cos. Company Profile

The Interpublic Group of Companies, Inc (IPG) is an advertising and marketing services company. IPG’s companies are engaged in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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