Reinhart Partners Inc. Has $22.38 Million Stake in Interpublic Group of Companies Inc (NYSE:IPG)

Reinhart Partners Inc. lessened its position in Interpublic Group of Companies Inc (NYSE:IPG) by 2.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,037,986 shares of the business services provider’s stock after selling 20,962 shares during the period. Interpublic Group of Companies makes up 2.1% of Reinhart Partners Inc.’s holdings, making the stock its 19th largest position. Reinhart Partners Inc. owned about 0.27% of Interpublic Group of Companies worth $22,379,000 at the end of the most recent quarter.

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Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Alps Advisors Inc. grew its holdings in shares of Interpublic Group of Companies by 1.8% during the third quarter. Alps Advisors Inc. now owns 1,653,109 shares of the business services provider’s stock valued at $35,641,000 after buying an additional 29,640 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Interpublic Group of Companies by 3.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 78,254 shares of the business services provider’s stock worth $1,687,000 after acquiring an additional 2,891 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Interpublic Group of Companies by 23.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 3,304 shares of the business services provider’s stock worth $71,000 after acquiring an additional 618 shares in the last quarter. Boston Private Wealth LLC boosted its stake in shares of Interpublic Group of Companies by 21.5% during the 3rd quarter. Boston Private Wealth LLC now owns 775,398 shares of the business services provider’s stock worth $16,718,000 after acquiring an additional 137,113 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Interpublic Group of Companies by 23.3% during the 3rd quarter. Synovus Financial Corp now owns 5,832 shares of the business services provider’s stock worth $126,000 after acquiring an additional 1,101 shares in the last quarter. 97.32% of the stock is currently owned by institutional investors.

Several research firms recently weighed in on IPG. Wells Fargo & Co began coverage on Interpublic Group of Companies in a research report on Monday, September 23rd. They set a “market perform” rating and a $23.00 price objective for the company. ValuEngine raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. Finally, TheStreet raised Interpublic Group of Companies from a “c+” rating to a “b-” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.20.

In related news, Director H John Greeniaus sold 10,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $22.00, for a total transaction of $220,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linda S. Sanford acquired 3,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average cost of $22.27 per share, for a total transaction of $74,894.01. Following the purchase, the director now directly owns 3,363 shares in the company, valued at approximately $74,894.01. The disclosure for this purchase can be found here. Insiders sold a total of 121,004 shares of company stock worth $2,668,559 over the last 90 days. 1.09% of the stock is owned by corporate insiders.

NYSE IPG opened at $22.20 on Tuesday. The firm has a market cap of $8.69 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 2.45 and a beta of 1.10. Interpublic Group of Companies Inc has a one year low of $19.56 and a one year high of $24.16. The stock’s 50 day simple moving average is $21.90 and its 200 day simple moving average is $21.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.95 and a quick ratio of 0.95.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. Interpublic Group of Companies had a return on equity of 31.19% and a net margin of 6.42%. Interpublic Group of Companies’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. As a group, equities analysts expect that Interpublic Group of Companies Inc will post 1.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.94 annualized dividend and a dividend yield of 4.23%. Interpublic Group of Companies’s dividend payout ratio is currently 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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