New Mexico Educational Retirement Board Sells 1,700 Shares of Interpublic Group of Companies Inc (NYSE:IPG)

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New Mexico Educational Retirement Board reduced its holdings in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,816 shares of the business services provider’s stock after selling 1,700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Interpublic Group of Companies were worth $643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. State of Michigan Retirement System raised its stake in shares of Interpublic Group of Companies by 0.5% in the third quarter. State of Michigan Retirement System now owns 93,129 shares of the business services provider’s stock valued at $2,008,000 after buying an additional 500 shares during the period. BancorpSouth Bank raised its stake in shares of Interpublic Group of Companies by 2.6% in the second quarter. BancorpSouth Bank now owns 20,219 shares of the business services provider’s stock valued at $457,000 after buying an additional 506 shares during the period. Securian Asset Management Inc raised its stake in shares of Interpublic Group of Companies by 1.3% in the second quarter. Securian Asset Management Inc now owns 39,854 shares of the business services provider’s stock valued at $900,000 after buying an additional 521 shares during the period. World Asset Management Inc raised its stake in shares of Interpublic Group of Companies by 2.1% in the third quarter. World Asset Management Inc now owns 26,618 shares of the business services provider’s stock valued at $574,000 after buying an additional 554 shares during the period. Finally, Private Capital Group LLC raised its stake in shares of Interpublic Group of Companies by 112.2% in the second quarter. Private Capital Group LLC now owns 1,110 shares of the business services provider’s stock valued at $26,000 after buying an additional 587 shares during the period. Hedge funds and other institutional investors own 97.32% of the company’s stock.

In related news, Director Linda S. Sanford purchased 3,363 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, November 26th. The stock was bought at an average cost of $22.27 per share, for a total transaction of $74,894.01. Following the completion of the transaction, the director now owns 3,363 shares in the company, valued at $74,894.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Isor Roth sold 100,314 shares of Interpublic Group of Companies stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $22.04, for a total value of $2,210,920.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,004 shares of company stock valued at $2,668,559. 1.09% of the stock is owned by company insiders.

Shares of NYSE IPG opened at $22.20 on Tuesday. The stock has a market cap of $8.69 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 2.45 and a beta of 1.10. Interpublic Group of Companies Inc has a fifty-two week low of $19.56 and a fifty-two week high of $24.16. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average of $21.90 and a 200-day moving average of $21.73.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Interpublic Group of Companies had a return on equity of 31.19% and a net margin of 6.42%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. On average, sell-side analysts predict that Interpublic Group of Companies Inc will post 1.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, November 29th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 50.54%.

IPG has been the topic of several research reports. TheStreet upgraded Interpublic Group of Companies from a “c+” rating to a “b-” rating in a research note on Tuesday, November 12th. Wells Fargo & Co assumed coverage on Interpublic Group of Companies in a research note on Monday, September 23rd. They issued a “market perform” rating and a $23.00 target price on the stock. Finally, ValuEngine upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.20.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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