Daiwa Securities Group Inc. Sells 17,600 Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Daiwa Securities Group Inc. decreased its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 14.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,200 shares of the business services provider’s stock after selling 17,600 shares during the period. Daiwa Securities Group Inc.’s holdings in Interpublic Group of Companies, Inc. (The) were worth $2,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Macquarie Group Ltd. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 50.7% in the fourth quarter. Macquarie Group Ltd. now owns 155,618 shares of the business services provider’s stock worth $3,642,000 after buying an additional 52,366 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 339,257 shares of the business services provider’s stock worth $8,335,000 after buying an additional 6,774 shares during the period. Charter Trust Co. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 3.7% in the first quarter. Charter Trust Co. now owns 11,893 shares of the business services provider’s stock worth $292,000 after buying an additional 425 shares during the period. Gulf International Bank UK Ltd increased its position in shares of Interpublic Group of Companies, Inc. (The) by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 130,950 shares of the business services provider’s stock worth $3,217,000 after buying an additional 1,700 shares during the period. Finally, National Pension Service increased its position in shares of Interpublic Group of Companies, Inc. (The) by 8.1% in the first quarter. National Pension Service now owns 430,664 shares of the business services provider’s stock worth $10,586,000 after buying an additional 32,369 shares during the period. Institutional investors own 98.30% of the company’s stock.

Interpublic Group of Companies, Inc. (IPG) traded down 0.68% during mid-day trading on Friday, reaching $20.51. The company’s stock had a trading volume of 2,359,622 shares. The firm’s 50 day moving average price is $22.94 and its 200 day moving average price is $23.99. Interpublic Group of Companies, Inc. has a 12-month low of $20.50 and a 12-month high of $25.71. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 14.77 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. On average, equities analysts predict that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.18 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.51%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is presently 51.80%.

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Several research analysts have weighed in on IPG shares. BidaskClub upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Royal Bank Of Canada reiterated a “buy” rating and set a $29.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Friday, July 14th. Zacks Investment Research downgraded Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Telsey Advisory Group increased their target price on Interpublic Group of Companies, Inc. (The) from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, April 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, May 22nd. 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. Interpublic Group of Companies, Inc. (The) presently has a consensus rating of “Hold” and an average price target of $26.07.

In related news, SVP Julie Connors sold 5,854 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total value of $142,018.04. Following the sale, the senior vice president now owns 10,592 shares in the company, valued at approximately $256,961.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.49% of the stock is currently owned by insiders.

About Interpublic Group of Companies, Inc. (The)

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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