Toronto Dominion Bank Has $6.22 Million Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Toronto Dominion Bank trimmed its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,717 shares of the business services provider’s stock after selling 7,043 shares during the period. Toronto Dominion Bank owned about 0.06% of Interpublic Group of Companies worth $6,216,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Interpublic Group of Companies during the 2nd quarter worth about $26,000. Venture Visionary Partners LLC acquired a new position in shares of Interpublic Group of Companies during the 2nd quarter worth about $26,000. Concord Wealth Partners boosted its stake in shares of Interpublic Group of Companies by 251.5% during the 2nd quarter. Concord Wealth Partners now owns 942 shares of the business services provider’s stock worth $26,000 after buying an additional 674 shares during the last quarter. Tcwp LLC acquired a new position in shares of Interpublic Group of Companies during the 1st quarter worth about $32,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Interpublic Group of Companies by 252.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,206 shares of the business services provider’s stock worth $43,000 after buying an additional 864 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IPG. ING Group began coverage on shares of Interpublic Group of Companies in a research note on Thursday, September 8th. They set a “buy” rating for the company. They noted that the move was a valuation call. Exane BNP Paribas assumed coverage on shares of Interpublic Group of Companies in a research note on Thursday, August 25th. They issued an “outperform” rating for the company. BNP Paribas assumed coverage on shares of Interpublic Group of Companies in a research note on Thursday, August 25th. They issued an “outperform” rating for the company. Morgan Stanley cut their target price on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 25th. Finally, Barclays cut their target price on shares of Interpublic Group of Companies from €35.00 ($35.71) to €33.00 ($33.67) and set an “equal weight” rating for the company in a research note on Friday, September 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.50.

Interpublic Group of Companies Stock Up 1.2 %

Interpublic Group of Companies stock opened at $34.22 on Thursday. The stock has a market cap of $13.30 billion, a P/E ratio of 13.58, a P/E/G ratio of 8.17 and a beta of 1.07. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.84. The Interpublic Group of Companies, Inc. has a twelve month low of $25.14 and a twelve month high of $39.98. The company’s 50-day moving average price is $28.82 and its two-hundred day moving average price is $29.11.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.16 annualized dividend and a yield of 3.39%. Interpublic Group of Companies’s dividend payout ratio is currently 46.03%.

About Interpublic Group of Companies

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The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

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

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