Interpublic Group of Companies Inc (IPG) Stake Boosted by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 42.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,745 shares of the business services provider’s stock after acquiring an additional 16,309 shares during the period. SG Americas Securities LLC’s holdings in Interpublic Group of Companies were worth $1,252,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. NuWave Investment Management LLC raised its stake in shares of Interpublic Group of Companies by 117.3% during the third quarter. NuWave Investment Management LLC now owns 5,654 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 3,052 shares during the last quarter. Lourd Capital LLC bought a new position in shares of Interpublic Group of Companies during the third quarter valued at about $203,000. Round Table Services LLC bought a new position in shares of Interpublic Group of Companies during the third quarter valued at about $203,000. Bessemer Group Inc. raised its stake in shares of Interpublic Group of Companies by 242.7% during the third quarter. Bessemer Group Inc. now owns 9,647 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 6,832 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Interpublic Group of Companies during the second quarter valued at about $283,000. 99.66% of the stock is owned by hedge funds and other institutional investors.

In related news, Director H John Greeniaus sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $23.50, for a total transaction of $117,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jocelyn Carter-Miller sold 8,735 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $23.24, for a total transaction of $203,001.40. The disclosure for this sale can be found here. 1.49% of the stock is owned by insiders.

Shares of NYSE IPG opened at $22.64 on Friday. Interpublic Group of Companies Inc has a 1 year low of $18.99 and a 1 year high of $26.01. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $8.82 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.78 and a beta of 1.07.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Friday, October 19th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Interpublic Group of Companies had a net margin of 6.62% and a return on equity of 30.99%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. Interpublic Group of Companies’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Interpublic Group of Companies Inc will post 1.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, November 30th. Interpublic Group of Companies’s dividend payout ratio is currently 59.57%.

IPG has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 19th. Macquarie raised shares of Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $24.00 to $25.00 in a research note on Thursday, September 20th. Zacks Investment Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Monday, November 19th. JPMorgan Chase & Co. started coverage on shares of Interpublic Group of Companies in a research note on Thursday, October 11th. They set an “overweight” rating for the company. Finally, BMO Capital Markets boosted their price target on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $25.44.

TRADEMARK VIOLATION NOTICE: This report was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.chaffeybreeze.com/2018/12/08/interpublic-group-of-companies-inc-ipg-stake-boosted-by-sg-americas-securities-llc.html.

Interpublic Group of Companies Profile

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.

Further Reading: Why do companies issue stock splits?

Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interpublic Group of Companies Inc (NYSE:IPG).

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

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply