Farther Finance Advisors LLC Has $527,000 Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Farther Finance Advisors LLC lowered its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.2% during the third quarter, Holdings Channel reports. The institutional investor owned 16,663 shares of the business services provider’s stock after selling 921 shares during the period. Farther Finance Advisors LLC’s holdings in Interpublic Group of Companies were worth $527,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Benjamin Edwards Inc. grew 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 valued at $26,000 after buying an additional 375 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Interpublic Group of Companies by 652.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Interpublic Group of Companies during the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its position in shares of Interpublic Group of Companies by 52.5% during the 2nd 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 in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Interpublic Group of Companies during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

IPG has been the topic of a number of analyst reports. Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. Barclays decreased their target price on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Macquarie reiterated a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $26.00 price target (down previously from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $30.38 on Thursday. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 4.93 and a beta of 1.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $31.00 and a 200 day simple moving average of $30.69. The Interpublic Group of Companies, Inc. has a one year low of $28.00 and a one year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $2.24 billion during 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 27.76%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS. Research analysts predict 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 62.26%.

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.