Putnam FL Investment Management Co. Acquires New Holdings in Interpublic Group of Companies, Inc. (The) (IPG)

Putnam FL Investment Management Co. acquired a new stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 34,815 shares of the business services provider’s stock, valued at approximately $724,000.

Several other institutional investors and hedge funds have also modified their holdings of IPG. River Road Asset Management LLC purchased a new stake in shares of Interpublic Group of Companies, Inc. (The) during the 2nd quarter valued at $49,040,000. Janus Henderson Group PLC lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) by 4,195.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,815,832 shares of the business services provider’s stock valued at $44,669,000 after purchasing an additional 1,773,561 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) by 21.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock valued at $210,280,000 after purchasing an additional 1,503,316 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) by 34.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,683,391 shares of the business services provider’s stock valued at $118,158,000 after purchasing an additional 1,442,288 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 9,175,028 shares of the business services provider’s stock valued at $225,706,000 after purchasing an additional 1,177,667 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (IPG) traded up $0.38 on Friday, reaching $19.04. The company’s stock had a trading volume of 780,733 shares, compared to its average volume of 4,838,231. The firm has a market cap of $7,290.00, a P/E ratio of 13.37, a P/E/G ratio of 1.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. Interpublic Group of Companies, Inc. has a 12 month low of $18.30 and a 12 month high of $25.71.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Thursday, November 30th. Interpublic Group of Companies, Inc. (The)’s payout ratio is currently 88.89%.

In other news, Director H John Greeniaus sold 43,479 shares of the 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 document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

IPG has been the subject of several analyst reports. Citigroup Inc. upgraded Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Royal Bank Of Canada set a $24.00 target price on Interpublic Group of Companies, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, August 29th. Jefferies Group LLC set a $26.00 target price on Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, August 28th. Credit Suisse Group set a $26.00 target price on Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Three investment 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 company has an average rating of “Hold” and an average price target of $25.77.

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Interpublic Group of Companies, Inc. (The) 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).

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

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