Gamco Investors INC. ET AL Has $42.86 Million Holdings in Interpublic Group of Companies Inc (NYSE:IPG)

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Gamco Investors INC. ET AL cut its position in Interpublic Group of Companies Inc (NYSE:IPG) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,897,409 shares of the business services provider’s stock after selling 161,967 shares during the period. Gamco Investors INC. ET AL owned 0.49% of Interpublic Group of Companies worth $42,862,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Coastal Capital Group Inc. bought a new stake in shares of Interpublic Group of Companies during the second quarter worth approximately $26,000. Marino Stram & Associates LLC bought a new stake in shares of Interpublic Group of Companies during the first quarter worth approximately $30,000. Bremer Bank National Association bought a new stake in Interpublic Group of Companies in the first quarter valued at approximately $35,000. Coastal Investment Advisors Inc. bought a new stake in Interpublic Group of Companies in the second quarter valued at approximately $43,000. Finally, Westside Investment Management Inc. bought a new stake in Interpublic Group of Companies in the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Several equities research analysts have commented on the stock. Bank of America upgraded shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 10th. ValuEngine cut shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Wednesday, July 3rd. BMO Capital Markets reduced their price target on shares of Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, TheStreet cut shares of Interpublic Group of Companies from a “b” rating to a “c+” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus target price of $25.71.

In other Interpublic Group of Companies news, CEO Michael Isor Roth sold 431,594 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $23.08, for a total transaction of $9,961,189.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director H John Greeniaus sold 44,396 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $23.02, for a total transaction of $1,021,995.92. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company’s stock.

Shares of Interpublic Group of Companies stock traded up $0.25 on Monday, hitting $20.35. The company had a trading volume of 43,209 shares, compared to its average volume of 3,468,350. The firm has a market capitalization of $7.58 billion, a P/E ratio of 10.94, a P/E/G ratio of 2.20 and a beta of 1.06. Interpublic Group of Companies Inc has a twelve month low of $19.56 and a twelve month high of $25.10. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a 50-day moving average of $22.45 and a 200-day moving average of $22.35.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, July 23rd. The business services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Interpublic Group of Companies had a net margin of 6.46% and a return on equity of 32.03%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Equities analysts predict that Interpublic Group of Companies Inc will post 1.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Friday, August 30th. Interpublic Group of Companies’s payout ratio is 50.54%.

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.

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

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