WINTON GROUP Ltd Sells 20,982 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

WINTON GROUP Ltd cut its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 36.9% in the second quarter, HoldingsChannel.com reports. The fund owned 35,856 shares of the business services provider’s stock after selling 20,982 shares during the period. WINTON GROUP Ltd’s holdings in The Interpublic Group of Companies were worth $1,165,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in shares of The Interpublic Group of Companies in the first quarter worth approximately $42,000. AllSquare Wealth Management LLC bought a new stake in The Interpublic Group of Companies during the first quarter valued at approximately $43,000. Pinebridge Investments L.P. bought a new stake in The Interpublic Group of Companies during the first quarter valued at approximately $64,000. Allred Capital Management LLC bought a new stake in The Interpublic Group of Companies during the first quarter valued at approximately $76,000. Finally, Eaton Vance Management bought a new stake in The Interpublic Group of Companies during the first quarter valued at approximately $92,000.

Several analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of The Interpublic Group of Companies from $34.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, July 22nd. Wells Fargo & Company boosted their target price on shares of The Interpublic Group of Companies from $36.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, July 22nd. Morgan Stanley upped their price target on shares of The Interpublic Group of Companies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 22nd. Barclays reiterated an “overweight” rating on shares of The Interpublic Group of Companies in a research report on Friday, July 2nd. Finally, Macquarie upped their price target on shares of The Interpublic Group of Companies from $37.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, July 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $32.27.

IPG stock opened at $37.02 on Wednesday. The Interpublic Group of Companies, Inc. has a one year low of $15.92 and a one year high of $37.88. The company’s fifty day moving average price is $35.62 and its 200-day moving average price is $32.73. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $14.57 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06.

The Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, July 20th. The business services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.42 by $0.28. The Interpublic Group of Companies had a net margin of 7.91% and a return on equity of 34.27%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, research analysts predict that The Interpublic Group of Companies, Inc. will post 2.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Tuesday, August 31st. The Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.43%.

In other news, Chairman Michael Isor Roth sold 200,000 shares of the business’s stock in a transaction on Wednesday, July 28th. The shares were sold at an average price of $35.27, for a total value of $7,054,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

About The Interpublic Group of Companies

Interpublic Group of Cos., Inc engages in the provision of advertising and marketing services. The firm specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates through the following segments: Integrated Agency Network (IAN) and Constituency Management Group (CMG).

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

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