The Interpublic Group of Companies, Inc. (NYSE:IPG) Stock Holdings Lessened by IFM Investors Pty Ltd

IFM Investors Pty Ltd trimmed its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,655 shares of the business services provider’s stock after selling 4,017 shares during the quarter. IFM Investors Pty Ltd’s holdings in Interpublic Group of Companies were worth $2,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Interpublic Group of Companies by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after purchasing an additional 828,150 shares in the last quarter. Ariel Investments LLC lifted its position in shares of Interpublic Group of Companies by 3.5% in the second quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock worth $166,117,000 after purchasing an additional 193,898 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Interpublic Group of Companies by 4.8% in the second quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock worth $163,049,000 after purchasing an additional 255,250 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Interpublic Group of Companies by 19.8% in the second quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock worth $158,157,000 after buying an additional 899,332 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Interpublic Group of Companies by 2.0% in the second quarter. Principal Financial Group Inc. now owns 2,120,076 shares of the business services provider’s stock worth $61,672,000 after buying an additional 41,939 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IPG has been the topic of a number of research reports. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. StockNews.com downgraded Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. Bank of America lowered their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Finally, BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.57.

Interpublic Group of Companies Trading Down 0.3 %

Shares of Interpublic Group of Companies stock opened at $29.80 on Monday. The company’s fifty day simple moving average is $31.33 and its 200-day simple moving average is $30.72. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 4.97 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The Interpublic Group of Companies, Inc. has a 1 year low of $27.54 and a 1 year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.51%. Interpublic Group of Companies’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.70 earnings per share. As a group, sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.83 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a dividend yield of 4.43%. Interpublic Group of Companies’s payout ratio is 46.98%.

Interpublic Group of Companies Company Profile

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.