Xponance Inc. Has $1.69 Million Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Xponance Inc. lessened its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 36.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,015 shares of the business services provider’s stock after selling 33,755 shares during the period. Xponance Inc.’s holdings in Interpublic Group of Companies were worth $1,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IPG. Benjamin Edwards Inc. lifted its stake in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after acquiring an additional 375 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Interpublic Group of Companies by 652.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 900 shares during the period. Voisard Asset Management Group Inc. purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new stake in shares of Interpublic Group of Companies in the second quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Interpublic Group of Companies by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

IPG opened at $31.48 on Friday. The stock has a 50-day moving average of $31.07 and a 200-day moving average of $30.93. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07. The Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $35.17. The company has a market cap of $11.88 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 5.23 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.33 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.19%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IPG shares. Macquarie dropped their price objective on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Bank of America cut their price objective on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Barclays reduced their price objective on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Finally, Morgan Stanley lowered Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $34.00 to $28.00 in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.00.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.